17 Best Stocks for Kids According to Jim Cramer

7. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 82

Discussing 3M Company (NYSE:MMM), Cramer said:

“Can you imagine if my father had bought shares in a nice dividend stock for me, 3M, rather than national video… In retrospect, I learned the most about stocks from two 3M board games. Yes, they used to have board games. Those board games were called Acquire and Stocks & Bonds.”

3M Company (NYSE:MMM) offers a wide range of technology solutions, including industrial products, transportation and electronics materials, safety equipment, and consumer goods such as home cleaning items, bandages, and stationery. Earlier in February, Cramer noted the company’s journey, containing challenges for some time, which led to the company making a reappearance in the market.

“Well, let’s start with the year’s biggest winner so far, 3M. This one’s [a] fabulous conglomerate, used to have new products that… created entire markets out of nothing… but then 3M got caught up in forever chemical lawsuits that wouldn’t go away. I was appalled, by the way, at the disclosure of these because they were buried in footnotes when a former CEO retired. Then the new CEO, Mike Roman came in…

Now, in May of ‘24, Bill Brown, former CEO of L3Harris, took over 3M. This guy’s known as an incredibly tough hombre, a guy who’s in a hurry to get things done. I think that the old 3M, one that my father once worked for, is back. I await the innovations that will remind me of the halcyon days when this company used to be known as Minnesota Mining and Manufacturing. In the meantime, Wall Street’s getting reacquainted with 3M and the market increasingly likes what it sees. I know, I gotta tell you, I think it’s terrific.”