The J.
Smucker Company (NYSE:SJM) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Cramer called it one of the “victims of rampant inflation,” as he commented: J.M. Smucker, okay, this is a little bit of a metaphor here… Pet food, coffee, Uncrustables, peanut butter, fruit spreads… Twinkies.
By the way, Twinkies did well. This company and others have been left for dead, right, victims of rampant inflation, health concerns, GLP-1. But when you think about it, the food stocks do have scarcity value and decent balance sheets, although not a lot of growth, okay?