Is President Trump's positive assessment of the stock market right? Jim Cramer took a look at the 10 best-performing stocks in the Dow Jones Industrial Average to give his Mad Money viewers his assessment.
Cramer said that in some cases, like Tesla (TSLA), the valuation doesn't match the fundamentals. But with Tesla, if you consider the company's potential, even Tesla's valuation might be justified.
As for those 10 top performers in the Dow, Cramer said that Boeing (BA) tops the list and that stock's performance is totally merited. Next is Apple (AAPL), an Action Alerts PLUS holding. Apple's service business alone is big enough to be in the Fortune 100 and is growing at 22%.
Further down the list is Visa (V), McDonalds (MCD) and Caterpillar (CAT) , three more names with terrific growth stories. When it comes to healthcare, you can't do better than Unitedhealth Group (UNH) , which also makes the top 10.
Then there's Nike (NKE), which has struggled as of late, but has plenty of room to run before catching up to its peers. Walmart (WMT) is another name not living up to its potential and is perhaps the only retailer capable of challenging Amazon (AMZN) .
Lastly, there's Microsoft (MSFT) and American Express (AXP). Cramer said Microsoft should certainly be higher, while American Express is the only one on the list where it's hard to make a case for owning it.
Source: Bloomberg Pro Terminal
Jr Trader Ivan Ivanov
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