Jim Cramer's 'Mad Money' Recap: Ignore the Naysayers

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NEW YORK (TheStreet) -- Don't be scared away by the naysayers, Jim Cramer told his "Mad Money" TV show viewers Thursday as he kicked off the new year. Cramer said there were a lot of "obvious" things wrong in 2013, too, but in the end we ended up just fine.

Cramer reminded viewers that in 2013 the market's critics had a lot of things to crow about as well, including a debt ceiling debate, a government shutdown, "Obamacare," a slowdown in China and economic woes everywhere from Cyprus to Brazil. But how did the markets do despite these "obvious" shortcomings? Well, the Dow Jones Industrial Average ended up gaining 29.6%, including dividends, for 2013. Not too shabby.

How can that be? Cramer said it's because the naysayers forgot their basic economics, the laws of supply and demand. In 2013, we ran into a shortage of everything from commercial real estate to autos and even PCs. More importantly, there just weren't enough shares of high-quality companies out there. That, he said, leads to higher stock prices.

The cynics will never admit they're wrong, Cramer concluded, but with 2013 as our guide, 2014 is looking pretty good despite rising interest rates, a new Federal Reserve chair and a multitude of other woes.

Time to Pick Some Stocks

It looks like 2014 is going to be a great year for stock picking, Cramer told viewers, which is why he's running down the list of all 30 stocks in the Dow to see which ones should be on your shopping list this year.

American Express (AXP): Cramer said this stock, which he owns for his charitable trust, Action Alerts PLUS, is overvalued in the short term but will gravitate towards 17 times earnings after a pullback.

AT&T (T): Cramer said he's not a fan because the momentum lies with AT&T's rivals.

Boeing (BA): The new aerospace cycle is upon us and that means seven years of profits for Boeing, which Cramer sees at $170 by the close of 2014.

Caterpillar (CAT): With the U.S. and China picking up steam, this hated stock might actually show some growth as well.

Chevron (CVX): This stock will stay stuck in neutral without a breakup or other catalyst.

Cisco (CSCO): Competition is eating Cisco's lunch, but with easy compares it just may be able to stage a comeback.

Coca-Cola (KO): Public opinion is shifting away from carbonated soda and this stock's 2.7% yield isn't enough to save it.

Walt Disney (DIS): With an excellent CEO, great earnings and the Star Wars franchise, Disney could see $86 a share.

DuPont (DD): This stock is headed to $80, said Cramer, thanks to a successful spinoff of its titanium dioxide business.

Exxon Mobil (XOM): Production growth is back and that mean $115 a share for this lumbering oil giant.

Stocks Picks, Part 2

Continuing with his in-depth look at all 30 Dow stocks, Cramer noted:

General Electric (GE): This stock is ready to roar as it sheds its financial arm in favor of returning as a great American industrial giant.

Goldman Sachs (GS): Here's one stock that actually benefits from the new Volcker rule. Cramer said $200 a share is entirely feasible.

Home Depot (HD): With a boom in spending on homes, this stock trades well below its average and has a buyback to boot.

IBM (IBM): No one trusts the earnings estimates for IBM, but with easy compares $200 a share is possible for this Warren Buffett-endorsed company. Cramer said he's still not a fan.

Intel (INTC): This company has new chips and a strong balance sheet thanks to shedding weaker divisions. Cramer said he is a fan of this stock.

Johnson & Johnson (JNJ): This Action Alerts PLUS name needs to shed its diagnostics business, said Cramer, do that and it sees $108 a share.

JPMorgan Chase (JPM): Investors will pay more for the leaner, simplerJP Morgan. Cramer expects an excellent quarter.

McDonald's (MCD): This company is being eaten alive by the healthy eating trend, but still could see $105 a share with just two consecutive positive monthly sales numbers.

Merck (MRK): This stock also needs a breakup to reignite growth, said Cramer.

Microsoft (MSFT): Yet another breakup story. Cramer said $45 a share is possible as investors ponder the possibilities.

Lightning Round

In the Lightning Round, Cramer was bullish on Hasbro (HAS), Dominion Resources (D), Duke Energy (DUK), Organovo Holdings (ONVO) and GT Advanced Technologies (GTAT).

Cramer was bearish on LeapFrog (LF).

Stock Picks, Part 3

For his final installment of his Dow 30 assessment, Cramer made the following observations:

Nike (NKE): Cramer said this Action Alerts PLUS name is really a stealth technology company worth $90 a share.

Pfizer (PFE): This stock will be hard pressed to eek over $34 a share, said Cramer.

Procter & Gamble (PG): It would be wrong to sell P&G at these levels with big changes afoot at the company. Cramer sees $95 a share in 2014.

Travelers (TRV): Lots of upside ahead for insurers because interest rates are on the rise.

UnitedHealth Group (UNH): This stock is a win-win no matter what happens with "Obamacare."

United Technologies (UTX): With the sequester behind it, only the strength in the company's aerospace and HVAC businesses lie ahead. Cramer sees $135 a share.

Verizon (VZ): Competition may be picking up but $54 a share is still feasible for Verizon.

Visa (V): What's not to like at Visa? Cramer said it's one of his faves for 2014 with a $280 a share price target.

Wal-Mart (WMT): This stock is problematic, said Cramer, with competition and a new CEO creating a lot of questions for investors.

3M (MMM): Growth and innovation will propel 3M to $160 a share, said Cramer.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer told viewers that when it comes to all the reports and data points they're bombarded with every day, only the Labor Department's weekly payroll numbers matter to the markets.

That's how so many economically sensitive names including 3M, FedEx (FDX) and Cummins (CMI), an Action Alerts PLUS holding, were able to rally in recent days. The economy is recovering, Cramer concluded, and these stocks just cannot be kept down.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had a position in AXP, CAT, CMI, INTC, JNJ, JPM, NKE and PG.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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