CNBC’s Jim Cramer recently highlighted the importance of owning recession-proof stocks, particularly in the packaged food industry. He emphasized that companies in this sector consistently perform well regardless of economic conditions and are a good investment option as the economy shows signs of slowing down.
Cramer was impressed with Campbell Soup and J.M. Smucker’s recent earnings reports, but he expressed a preference for Campbell Soup due to its strong earnings and growing sales without increasing prices. However, he noted that J.M. Smucker had softer sales but managed to exceed earnings expectations, highlighting areas for improvement in its coffee business.
In addition to Campbell Soup and J.M. Smucker, Cramer suggested considering other packaged food companies like Tyson Foods, Hormel, General Mills, Conagra, and Kellanova. He noted that these companies tend to perform well during economic slowdowns, making them attractive investment options for investors looking for stability during uncertain times.
Overall, Cramer’s positive outlook for the packaged food sector after the recent earnings reports from Campbell Soup and J.M. Smucker is encouraging for investors looking to diversify their portfolios with recession-proof stocks that have a proven track record of success in any economic climate.
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