Stock Tickers: MMM, GM, HPQ, HON, HD, INTC, AMD, SHLD

Cramer came out tonight with his next batch of targets on more individual DJIA targets, and he was much less robust with the middle-alphabet DJIA components.  He still thinks there is a 1,000 point upside in the DJIA from here, but he was only bullish on Hewlett-Packard (HPQ) and Honeywell (HON) tonight.

3M (MMM-NYSE) is one that Cramer is one that Cramer noted quietly as biding time.

General Motors (GM) is one that could have been at $40.00 but that has passed and it is merely marking time now.

Hewlett-Packard (HPQ-NYSE) is one about to take off with buybacks and dividends to go higher and he underestimated its price target and it could maybe reach $50.00.

Home Depot (HD) could have done better if the Fed helped but now Cramer thinks he got it wrong. He thinks it can go up but he’d rather you own Sears (SHLD); He’d Sell Home Depot (HD) for Sears (SHLD).

Honeywell (HON) is one that Cramer underestimated with a $52.00 target but it’s now $56.00 and he thinks it could trade up to $63.00.  But at that level it is attwice its growth rate.

Intel (INTC) is one tha can only have a big move if AMD (AMD) folds up its tent.  When tech recovers he thinks that Intel could go up maybe another 10% to $25.00 and that isn’t enough upside to get excited about.

Cramer’s second batch of DJIA components was a little more bullish than tonight, but the first list of DJIA component targets from Monday would have made you think Cramer was going "all in" with only DJIA components because he was so positive.

Jon C. Ogg
May 23, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the com0panies he covers.

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