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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.