As some of the market's hottest stocks take a pause, CNBC's Jim Cramer on Tuesday told investors it may be wise to get into some "slowdown stocks," like companies with products related to pets.
Cramer suggested the "post-Covid drought" in these stocks could be over and pinpointed three: online retailer Chewy , animal health care company Elanco and J.M.
Smucker, which owns pet food brands alongside its namesake jelly products and snacks for people.
Smucker's efforts to trim down its pet food portfolio.
"I'm going with Smucker because of its distinctive shrink-to-grow-more-profitably lucrative narrative in pet food," he said.
Persons:
Jim Cramer, Cramer, Eli Lilly, Elanco, J.M, Smucker