Jim Cramer Says General Mills Still a Stock to Hold for the Long Term

General Mills (GIS) is a still a stock to hold for the long term, even as the company missed on earnings due to a slump in cereal sales, according to Jim Cramer. Cramer likes that the company bought back stock in the first half of the year, and that the company is taking action like getting rid of the Green Giant label. Cramer said to give the stock some time. Cramer was asked by a viewer if Fitbit (FIT) is an acquisition target and he responded that it’s not. Cramer also talked about Tesla (TSLA), which he called a cult stock with a valuation that is suspect. He prefers the ‘FANG’ stocks over Tesla. Cramer was asked about Disney (DIS) now that the long-anticipated Star Wars movie is hitting theaters, saying the stock is a long term hold. He also discussed Apple (AAPL) and said he doesn’t think sales of the watch are strong. Send your questions to Jim Cramer on Facebook and on Twitter to @JimCramer using #CramerQ.