Jim Cramer's Mad Dash: Looking at GE, Bank of America, Macy's

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). 

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). 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), 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.

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

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