Jim Cramer Discussed These 12 Stocks Recently

10. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 43

A caller asked if they should get rid of The Kraft Heinz Company (NASDAQ:KHC), and here’s what Cramer had to say in response:

“Waste of your capital. Waste of your capital. There’s so many great stocks that have come down. I mean, unbelievable stocks that have come down so much that I can’t believe it. And I think you just gotta change, I mean, look, we’re looking at, for instance, Texas Roadhouse, okay. This one’s come down gigantically. It is now incredibly inexpensive, and it’s got what I regard as being a fantastic value proposition. I’d much rather see you in that than I would see in Kraft Heinz.”

Kraft Heinz (NASDAQ:KHC) manufactures and distributes a wide range of food and drink products. Its portfolio features well-known brands such as Heinz, Kraft, Philadelphia, and Oscar Mayer. During April 4’s episode of Squawk on the Street, Cramer remarked:

“One of the reasons I say this is because let’s say you try to go to safety, so you pick a Kraft Heinz, got a really nice yield. Well this morning, Citi comes out and says, sell it. It’s a share loser. It is in trouble on many different, on margin issues. And it can’t find a way and then I would throw in GLP-1s because it’s not exactly like they’ve got this incredible lineup of things that are good for you. So this is the dilemma of the market. Can you pull out of a terrific company like an Arm Holdings and AMD, and go into this recognizing you’re going and sacrificing all your growth.”