In a recent segment, CNBC’s Jim Cramer recommended adding packaged food stocks to portfolios during signs of economic weakness. He highlighted the importance of owning “recession stocks” – companies that generate consistent revenue regardless of economic conditions due to the essential nature of their products.
Campbell Soup and J.M. Smucker were two companies that had encouraging earnings reports this week, making them worth considering for investment. While both presented compelling cases, Cramer leaned towards Campbell Soup as his preferred choice. He noted that despite weaker guidance stemming from an expensive acquisition, Campbell Soup’s sales were growing without relying on price increases, a positive sign for investors.
On the other hand, J.M. Smucker’s sales fell short of expectations, but the company still managed to exceed earnings forecasts. Cramer highlighted the growth potential of key brands like Uncrustables and pet food, but suggested improvements were needed in the coffee segment.
In addition to Campbell Soup and J.M