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

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 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.

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 .

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