NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a look at a number of different stocks, the first of which was Bank of America (BAC) - Get Report

The company raised its quarterly dividend from 1 cent to 5 cents, its first increase in seven years. 

The stock can continue to climb, Cramer reasoned, but it will likely struggle due to falling rates on the 10-year treasury bond. 

Turning to retail stocks, Morgan Stanley's top pick is Macy's (M) - Get Report. Cramer said that even though the stock trades at just 12 times earnings, investors should be careful investing in this industry.

Finally, in regards to General Electric (GE) - Get Report, he said the stock's downside risk is likely to $24, while the potential upside is to $30. 

The stock has been in a funk, but has some of the best organic growth in the industrial sector. If that growth can find its way to the bottom line, the stock price will climb, he concluded. 

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS held positions in GE and BAC.