When asked about international expansion, Powell noted that General Mills doesn't have a percentage target for how much business they'd like to do overseas. Instead, he said the company looks for where it can add and create value over time. That's why international sales at the company, even in Europe, remain consistent.
That said, General Mills is still very focused on the U.S., where its not "business as usual" with the unemployment rate still very high. Power said the environment in the U.S. is more challenging than ever, but the company continues to thrive.
Cramer said that investors need safe, consistent growers like General Mills in their portfolios.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":Heckmann (HEK): "This is a speculative play but I'm sticking with it. It's not going up until things start getting better in the business. " Ford Motor (F): "You can't buy it because they have big business in Europe and in Latin America. We need to wait." Penn West Petroleum (PWE): "This is a play on oil and I'm not saying that oil is going to bounce." Microchip Technology (MCHP): "You want to buy at a 4% yield." Kinder Morgan Management (KMR): "I'm going to endorse it. These stocks have come down tremendously." LivePerson (LPSN): "The stock has had a big move and I can only say cha-ching at these levels. "
Am I Diversified?In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets. The first portfolio included: Apple (AAPL), Under Armour (UA), Delta Airlines (DAL), American Capital Agency (AGNC) and Banco Santander (SAN). Cramer said he would bless this portfolio as diversified. The second portfolio's top holdings included: AT&T (T), Bristol Myers-Squibb (BMY), Walt Disney (DIS), Kinder Morgan Energy Partners (KMP) and Wells Fargo (WFC). Cramer said this portfolio was "fabulous." The third portfolio had: Exxon Mobil (XOM), Verizon (VZ), Southern Company (SO), DuPont (DD) and Pepsico (PEP) as its top five stocks. Cramer also blessed this portfolio as properly diversified.
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer opined on the uncharacteristically honest evaluations of Facebook (FB) the Wall Street analysts have been doling out this week. Cramer said he was actually surprised by the lukewarm coverage, which was full of cautious comments.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV