This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer: I Think GE Has 'It'

NEW YORK ( TheStreet -- Debra Borchardt: Here come the generals. We're going to talk about General Mills (GIS - Get Report)and General Electric (GE - Get Report). General Mills came out, they had an excellent quarter and they boosted their 2013 forecast so do you like both....

Jim Cramer: Well but they didn't have big record growth.

Debra Borchardt: They did not have the big record growth.

Jim Cramer:I love General Mills is a sleep-at-night stock but it's not as good as McCormick (MKC). It's not as good as Hershey (HSY). It's not as good as Heinz (HNZ). Okay. Or it's not as good as Kellogg (K). Those are all better. Those are all, I think are better stocks to own right not. Good yield and good growth. Better than what General Mills has so it's good to see that yogurt kind of bounce back here.

General Electric is one I want to take issue with. Stephanie Link and I, we own it for Action Alerts Plus , and it's gone from being love to hated like that, and I want to really caution people that it's entirely possible that people don't get the fact that Immelt was being conservative. General Electric is a company that's had a big move. The company has returning capital. The company's going to great in energy, do great in healthcare ultimately, and the fact that the stocks being thrown away was downgraded today is an opportunity, and all I can say is I wish that I hadn't talked about it because we'd be buying it. I mean I wish that I hadn't, I knew we were going to be asked about it.

Debra Borchardt: Well what's the number that you would but it at if you pulled back?

Jim Cramer: Right here. Right here. I'd buy right here. It's down two days. It's down a couple percent, and General Electric is a company that is going to keep boosting its dividend. That has great worldwide infrastructure, infrastructure plays, and it's a great call on the world's economy, and the funny thing is, let's compare FedEx (FDX - Get Report)to General Electric.

FedEx, not doing that well but everyone says, oh I can play world recovery. GE doing incredibly well. Company is conservative in the conference call and in the analyst breakfast, next thing you know people say oh, it doesn't have it. I think GE has it. I think the margins are going to go up. I think there's great growth. I think it's a terrific way to play the world's economy, and I think its well behind the market over the last six, seven years and it's a buy.

Debra Borchardt: Alright if you want to back a general, it sounds like Jim is backing General Electric and not General Mills.

Jim Cramer:GE over...yes. Exactly right I don't like General Mills as much as I like General Electric.

--Written by Debra Borchardt in New York.



>To contact the writer of this article, click here: Debra Borchardt.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FDX $169.95 0.00%
GE $26.80 0.00%
GIS $56.38 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs