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Jim Cramer shares his thoughts on 3 stocks including McDonald's after tech outage

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During the CNBC Investing Club's Morning Meeting on Friday, Jim Cramer weighed in on the stocks of McDonald's, Micron and Snowflake.

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. McDonald's : The fast-food chain had to temporarily suspend operations at stores in some countries, including Japan, after suffering a technology outage. The company said it was not related to cybersecurity. Shares fell about 0.4% Friday. "This will have no impact whatsoever, except for to buy the stock because McDonald's, in the end, is king," Jim Cramer said.

The call comes ahead of Micron's fiscal second quarter earnings report Wednesday. Cramer said he's wary of price-target bumps rooted in multiple expansion for stocks. "I think that Micron, when they actually report, will be disappointing. Why do I say that? Because Micron is inherently disappointing. It seems to be what they do, and that's because … Sanjay Mehrotra does not like to get expectations ahead" of themselves unlike companies such as Adobe, Cramer said.

 

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