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[video] Jim Cramer Quick Take: FedEx, General Mills Earnings

NEW YORK (TheStreet) -- General Mills (GIS - Get Report) and FedEx (FDX) both reported earnings this morning, and TheStreet's Jim Cramer is taking a look at each company's future prospects.  

Regarding FedEx, Cramer said investors should focus on what the company will do going forward. 

Management raised its full-year guidance, and Cramer suggested that the stock should continue to be strong in 2014. Cyber Monday shipments were not recorded in the recent quarter, which should boost results in the next quarter. 

He added that he likes FedEx going forward but loves United Parcel Service (UPS), which, he said, "is even better."

Turning to General Mills, Cramer said shares have failed to really sell off, even though the company reported a "challenged quarter." 

He attributed the stock's strength to its dividend yield and the company's strong management, led by CEO Ken Powell. 

All of the company's sales have been under pressure, because many consumers likely feel like the company charges too much for products that aren't entirely natural and organic, Cramer said.

Cramer concluded that natural and organic is something consumers want and suggested investors buy Whole Foods Market (WFM).

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in the securities mentioned.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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