Tranzactioneaza Campbell Soup Company (US.CPB) - 21.07 USD (%) Tranzactioneaza

Jim Cramer says investors can hide in these three recession-proof packaged food stocks

&nbsp “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.&nbsp

&nbsp Here are his top three picks:&nbsp

3.Campbell Soup (US.CPB)&nbsp

2.Kellogg (US.K)&nbsp

1.General Mills (US.GIS)

jim cramer says investors can hide in these three recession proof packaged food stocks 2022

Consumer-Staples Stocks Are Bright Spot in Bleak Market

&nbsp Almost everything has fallen in the stock market this year. Consumer-staples stocks are bucking the trend. Shares of companies selling staples such as beer, chocolate and canned soup have raced past the broader market in 2022. Molson Coors Beverage Co. (US.TAP) is up 19% for the year, while Hershey (US.HSY) has risen 14% and Campbell Soup (US.CPB) has gained 11%. That is compared with the S&amp P 500 (DE.SXR8), which has fallen 18%.&nbsp

&nbsp Analysts have warned that higher prices could push consumers to adjust spending habits, which could lead to a recession. A consumer survey conducted by Morgan Stanley Research released last week listed inflation as the No. 1 concern for two-thirds of respondents.

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