CNBC's Jim Cramer on Friday named packaged food stocks that might be good additions to portfolios, especially if the economy is headed for a slowdown.
"For example, the packaged food plays."
According to Cramer, Campbell Soup reported solid earnings but weaker guidance, due in part to its pricey acquisition of pasta sauce maker Sovos Brands.
He stressed that the whole packaged food group usually does well in a slowdown and suggested also looking into Tyson Foods , Hormel , General Mills , Conagra and Kellanova .
"Ultimately, I feel incrementally more positive on the packaged food space after hearing from Campbell's and Smucker," he Cramer said.
Persons:
CNBC's Jim Cramer, Campbell, We've, Cramer, Smucker, General Mills, Campbell Soup
Organizations:
Campbell Soup, Sovos Brands, Tyson Foods
Locations:
Conagra