Jim Cramer told viewers he feels confident the

Dow

will reach his 14,558 point target by year-end.

"I am not getting the component gains that I was looking for in that I thought the financials would be better," he said on TheStreet.com TV's Wall Street Confidential

Web video Thursday.

JPMorgan

(JPM) - Get Report

,

Citigroup

(C) - Get Report

and

AIG

(AIG) - Get Report

, the latter two of which Cramer owns for his charitable trust,

Action Alerts PLUS, are not contributing at all, he said.

AIG is doing well, but because Hank Greenberg is selling so much of his stock, the company is being weighed down, Cramer explained.

On the other hand, Cramer said there have been "really fabulous" gains in

Verizon

(VZ) - Get Report

,

AT&T

(T) - Get Report

and

Merck

TheStreet Recommends

(MRK) - Get Report

.

Boeing

(BA) - Get Report

was also powering the Dow higher, but now its 787 Dreamliner aircraft "is starting to falter, which is bad," Cramer said.

"

Honeywell

(HON) - Get Report

has been fantastic," he continued.

General Electric

(GE) - Get Report

, however, has been "a little bit of a laggard," but Cramer said he expects it to start picking up. The quarter was "tepid," though, he said. It had "good revenues" but they didn't translate to the bottom line.

"What I'm seeing is that my target is definitely working," Cramer said. Every time it seems to be going right to 14,500, it has a stutter and manages to go only a bit over 14,100 before it pulls back a bit.

"That's how it has to happen," he said. "My target was created with the idea that we would get two

Fed

cuts. We've had one big one that was actually equal to the two. I'm feeling terrific about the target right here when we're 400 points away and we have two months to do it. That's exactly where we need to be."

At the time of publication, Cramer was long AIG and Citigroup.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

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