Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. 3M: Shares were slightly lower Monday, giving back some of their 23% surge Friday on the back of a better-than-expected quarter and raised outlook. New CEO Bill Brown, who took over at the industrial firm May 1, had success at L3Harris Technologies and "will be a big winner here," as well, Jim Cramer said. Bristol Myers Squibb : Shares climbed 1%, building on their 11.
McDonald's : Shares rose 4% despite the fast-food giant reporting weaker-than-expected earnings and revenue along with same-store sales declines. Cramer said he thinks investors are more focused on the fact that McDonald's $5 meal deal is being extended. "That's enough to be able to turn it around," Cramer said. On Semiconductor : Shares surged more than 13% after the chipmaker's second-quarter sales and profit exceeded Wall Street estimates. "This is very simple.
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