Stock Tickers: IBM, JNJ, JPM, MCD, MRK, MSFT

Tonight Cramer said it is ok to stay bullish and stay long on a down market day.  He is sticking with his 1,000 point DJIA upside, and here are his price targets on the fourth installment of his ‘individual price targets on the DJIA.’

IBM (IBM) is one he was too conservative with a $110.00 target but thinks $114.00 is it.

J&J (JNJ) is one that has been disappointing now as a loser despite Warren Buffett taking some.  He first thought it was going up to $80.00 but now with generic and medical instrument woes is one he thinks is stuck here at $63.00 at year end.

JPMorgan (JPM) already tookout the $50.00 target he gave it earlier, but he doesn’t think Jamie Dimon has been able to unlock the full value and this one may be capped $3.00 higher.

McDonalds (MCD) is close to its $55.00 target, but Cramer doesn’t think it will be that much higher and will normalize at single-digit growth.

Merck (MRK) is one that he was only a $50.00 target and Cramer said he was too bearish since it is above the target.  CRamer thinks it is done for the year.

Microsoft (MSFT) is one that he was bullish on that could have gone to $35.00.  That is a stretch but Cramer is not changing his target on it. Cramer called this one "Mister Softie" again, but he should know by now that the new nickname is "Master Chief."

Here were his more cautious targets from Wednesday, his mixed targets from Tuesday, and his outright bullish targets on Monday.

I hate to drag you down to a Friday tease ahead of a three day weekend, but based on his other stock price target picks this week he is going to have to make some extra bullish calls tomorrow night on the last 6 DJIA components to get a 1,000 point DJIA move up.

Jon C. Ogg
May 24, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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