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NEW YORK (
) -- There's only one general that Jim Cramer would follow into battle, and it's not
(GIS - Get Report)
He told Debra Borchardt at
(GE - Get Report)
, a stock he owns for his charitable trust,
Action Alerts PLUS
, is the real opportunity.
Cramer said that while General Mills is a stock that lets investors sleep well at night, it lacks the growth and yield of other packaged goods companies including
(MKC - Get Report)
(HSY - Get Report)
(K - Get Report)
As for General Electric, Cramer said investors have a love hate relationship with this company, but he'd use a recent downgrade as a buying opportunity. GE is a play on a global economic recovery, he said, the same recovery that has shareholders of
(FDX - Get Report)
so excited should do the same for GE shareholders. Cramer said GE's lackluster guidance is merely conservative and he expects great things in 2013.
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-- Written by Scott Rutt in Washington
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