Cramer's 'Mad Money' Recap: Preparing for the Worst
Cramer said this portfolio was fabulous just as it was.
Cramer said this portfolio was too concentrated in financials and advised selling Western Union and Bank of America and adding Apple and Bristol-Myers Squibb.
No Huddle Offense
Cramer said that for a long time nationally branded items ruled the roost. But in this past recession many of these brands lost some of their appeal. He said private-label items, which once came in simple black-and-white cans and were only sold in low-end stores, became the bread and butter of retailers such as Costco (COST) .With their new hip packaging and better formulations, private-label goods are now in some ways even better than their branded competition.
As the divide between rich and poor becomes ever larger, Cramer said the move towards private label also becomes larger, an irreversible trend that ConAgra saw and capitalized on.
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-- Written by Scott Rutt in Washington, D.C.
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