Jim Cramer says investors can hide in these three recession-proof packaged food stocks [MSNBC.com]
Campbell Soup Company (CPB)
Last campbell soup company earnings: 3/4 07:30 am
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Source: MSNBC.com
VIDEO2:2402:24Jim Cramer says investors can hide in these three recession-proof packaged food stocks"With commodity costs coming down big, the food stocks can become recession-proof safe-havens. But you have to be selective, which means sticking with the winners that we know are doing well," he said.All three major indices fell on Thursday, the last day of the second quarter. The Dow Jones Industrial Average and S&P 500 had their worst quarters since the first quarter of 2020, while the Nasdaq Composite had its worst declines since 2008.The ""First, commodity prices have already begun to collapse, and those savings flow right to the bottom line. … Second, nearly everybody seems convinced that we're headed into a recession, and while I'm not totally convinced, that creates a much better backdrop for the Steady Eddie packaged food stocks," he said.Here are his top three picks:Loading chart...Campbellbeat on its top and bottom lines"This is not my favorite food play, but I haven't felt s
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CPB
Earnings
- 3/6/24 - Beat
CPB
Sec Filings
- 4/16/24 - Form 8-K
- 4/8/24 - Form 4
- 4/4/24 - Form 144
- CPB's page on the SEC website