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.
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-- Written by Scott Rutt in Washington, D.C.
To email Scott about this article, click here: Scott Rutt