Monday marked the one-year anniversary of the market hitting an all-time high. Since that time, volatile action has permeated stocks as they seesaw. That action inspired Jim Cramer to go back to basics and assess the 30 stocks of the Dow Jones industrial average to see if there was anything worth pounding the table on.
The exercise reminded Cramer just how good most of the companies are.
"All the negative chatter would most likely have you walking away from this market in fear, but I think you should stay the course, because if the global economy gets better, we could have a heck of a run here," the "Mad Money" host said.
With this in mind, Cramer gave his take on each Dow component in alphabetical order:
Caterpillar: When the stock gets to a 5-percent yield and is selling in the mid-$60s, Cramer is willing to take a look.
General Electric: It's stalled here, a victim of its own success. Cramer is buying more for his charitable trust and plans to become more aggressive as oil goes higher. He recommended investors also buy aggressively.
Johnson & Johnson: It has what Cramer considers to be the best balance sheet in the world and fantastic management. Money managers are praying this stock comes in. If it does, Cramer wants investors to pounce.