Mad Money Lightning Round: Jim Says GIS Strong On Fundamentals

In his "Mad Money Lightning Round" on Thursday, Jim advised investors to buy General Mills GIS because the company has strong fundamentals and not because of the stock split that will take place on June 9. GIS gained 0.59% to $71.82 in after hours. Cramer said that he has finally given up on Visa V. Pressure is building up on the stock as Congress doesn’t likes it. He warned investors to be careful and told them that he would buy V only when it reaches in the $60s range. V closed at $73.69, up 0.40% yesterday. When asked about TiVo TIVO, Jim commented that the stock is very volatile and everything is dependent on lawsuit, making it highly speculative for him. TIVO climbed 2.70% to $9.12 yesterday. Cramer preferred Novellus Systems NVLS over Maxim Integrated Products MXIM because the former has a stronger balance sheet and more effective management team. NVLS soared 0.85% to $26.16 in after hours. When asked about Capital One Financial COF, Jim said that bank stocks are going to rally soon once the financial reforms are through. However, he preferred Bank of America BAC, JPMorgan Chase JPM and Citigroup C over COF. Yesterday, BAC climbed 4.59% to $16.18 and C surged 4.15% to close at $4.02. On the other hand, JPM slid 0.15% to $40.36 in after hours. To see more trading ideas, click here.