Cramer told viewers that he is worried the U.S. economy is heading into a recession due to failed policies from Ben Bernanke the head of the Federal Reserve, and Henry Paulson the head of the Treasury. He mentioned that during recessions investors look to buy supermarket stocks (stocks found among the shelves of supermarkets), but with high inflation caused by skyrocketing energy and food prices, investors have to chose very wisely which stocks they buy. He pointed investors towards Pepsi (PEP), Coca-Cola (KO) and Altria (MO). He explained that all three have their raw costs under control. Cramer said he is worried about ConAgra (CAG) due to high commodity costs. “ConAgra is being eaten alive by raw costs,” he said. He feels the company will miss Wall Street estimates due to high raw costs. Cramer advised investors to sell ConAgra.
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