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Jim Cramer's takes on 5 stocks: Coca-Cola, McDonald's, 3M, PayPal and Walmart

Published Tue, Apr 30 202411:32 AM EDT

Matthew J. Belvedere @Matt_Belvedere

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Coca-Cola : The soda giant beats earnings per share (EPS) in the first quarter by a couple of pennies and raised its full-year outlook. Jim Cramer said Tuesday it was a "very solid quarter." Coca-Cola and PepsiCo are "no longer at war," he said, adding that Coke is looking more domestic and Pepsi more international. Cramer concluded that Coca-Cola is a "very good situation [and] you want to own it." McDonald's : The fast-food company missed on quarterly comp sales and EPS, saying Mideast boycotts hit sales. "The good news about McDonald's is they prepped us … you said [Q1] wouldn't be good, it's not good. Maybe a lot of it is the boycott," Cramer said. But he added, "McDonald's raised its prices too much" for lower-income customers. 3M : The industrial conglomerate reported a better-than-expected first quarter and margins were up nicely year over year. It was announced last month that Mike Roman is retiring as CEO. Cramer said Roman was good at clearing the Combat Arms earplugs and contaminated water cases. "He fixed them for the next guy," Cramer said. William Brown is the next guy. He was formerly CEO of the aerospace and defense company L3Harris . PayPal : The online payments firm delivers quarterly beat and raises guidance. "It was a CEO [Dan Schulman] situation that was not good," Cramer said. "New guy [Alex Chriss] comes in from Intuit . He's not going to let expectations go crazy. He's doing a really good job." Walmart : The retail giant is closing its health center and telehealth business due to rising costs and reimbursement challenges. "I think you buy it on this," Cramer said, arguing that Walmart was able to "bite the bullet and move on quickly" after trying a new business and realizing it wasn't working. The read-through for CVS and Walgreens is not good here," Cramer said.

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