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Strategies & Market Trends : Young and Older Folk Portfolio
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From: chowder12/14/2022 11:43:54 PM
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Consumer staple companies will “be able to keep putting up solid earnings growth even as most other industries will experience down numbers,” Cramer said.

Here are his picks:

Archer-Daniels-Midland

Cramer said that the food processing company, whose stock is the best performer in consumer staples so far this year, is a winner as long as the Russia-Ukraine war continues. Shares of Archer-Daniels-Midland are up over 37% year to date.

Campbell Soup

Campbell Soup is the third-best-performing consumer goods stock this year, and with good reason, according to Cramer. He praised the company’s strong set of brands, pricing power and earnings and revenue beat in the company’s most recent quarter. Cramer added that he expects the company to see sizable earnings growth in 2023 as its raw costs continue to fall. Shares of Campbell Soup are up over 31% year to date.

Estee Lauder

The prestige beauty company stock will likely roar higher with China poised to reopen its economy, Cramer predicted.

Constellation Brands

The alcoholic beverages firm is poised to do well in a recession since alcohol sales tend to remain steady during periods of economic turbulence, he said.

Walgreens Boots Alliance

Cramer said he believes the company is a “turnaround story” thanks to CEO Rosalind Brewer’s strategy to make the company more care-focused, adding that he’s optimistic about her plans for Walgreens.


Disclaimer: Cramer’s Charitable Trust owns shares of Estee Lauder and Constellation Brands.


https://www.cnbc.com/2022/12/14/jim-cramer-says-he-likes-these-5-consumer-staple-stocks-in-2023.html
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