17 Best Stocks for Kids According to Jim Cramer

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8. General Mills, Inc. (NYSE:GIS)

Number of Hedge Fund Holders: 30

Cramer, discussing that kids should be advised to invest in stocks of companies that they are familiar with, mentioned General Mills, Inc. (NYSE:GIS) and commented:

“We had a box of Cheerios on our breakfast table every day of our lives. We could have bought General Mills. What a fantastic stock.”

General Mills (NYSE:GIS) produces and sells a variety of branded consumer food products, such as cereals, snacks, meal kits, frozen foods, and pet food. In December 2024, Cramer highlighted a probable problem that the company might face under the new administration and said:

“General Mills, which caught an upgrade today thanks to accelerating pet food sales. Actually, I’m more worried about sugar cereal and I say that having interviewed incoming Health and Human Services Secretary-designate Bobby Kennedy (Robert F. Kennedy Jr.) on the floor of the New York Stock Exchange yesterday. I think that his chief objective is not vaccines, it’s healthier eating and he seemed to confirm that yesterday when I spoke with him. If that’s the case, then General Mills could be in trouble because, well, sugared cereal is a major profit generator for the company.”

Since the election’s outcome became known, General Mills (NYSE:GIS) stock declined over 10%.

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