General Mills, Inc. (NYSE:GIS) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. Cramer highlighted the stock’s rally during the episode, as he said:
What else soared today? How about, look, this morning… General Mills reported a blowout quarter and announced restructuring that could cut $3 billion in costs by mid-2030. The stock rallied 8.5%.
A stock market data. Photo by AlphaTradeZone on Pexels
General Mills, Inc. (NYSE:GIS) provides branded foods, including cereals, snacks, meals, baking products, frozen items, ice cream, and pet food. Cramer called it one of the most “reliable stocks” during the May 11 episode, as he remarked:
…Anything food, forget about it. Hormel, General Mills, McCormick, they all hit lows today. General Mills, one of the most reliable stocks here in the entire market, now sports a 7.2% yield. That seems pretty high for a quality company like this. Market hasn’t yet caught on to the benefits of that McCormick buying Hellmann’s from Unilever. Hormel’s just plain unfathomable, and the dividend yield of 5.8% seems mighty high, not as high as Campbell’s at 7.56%… You don’t get those kinds of deals unless people are worried that the dividend will need to be cut. That’s what it’s saying.
While we acknowledge the potential of GIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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