CNBC's Jim Cramer on Wednesday recommended a slate of consumer staple stocks for 2023.
"I'm not entirely convinced that we're headed for a recession next year, but we're definitely looking [at] a meaningful slowdown,and that's terrific for the consumer staples," he said.
Consumer staple companies will "be able to keep putting up solid earnings growth even as most other industries will experience down numbers," Cramer said.
Campbell SoupCampbell Soup is the third-best performing consumer goods stock this year, and with good reason, according to Cramer.
Estee LauderThe prestige beauty company stock will likely roar higher with China poised to reopen its economy, Cramer predicted.