Jim Cramer Says Tech Might Be “Favored” & Discusses 13 Stocks

10. McCormick & Company, Incorporated (NYSE:MKC)

Number of Hedge Fund Holders In Q4 2024: 40

McCormick & Company, Incorporated (NYSE:MKC) is one of the biggest spice companies in America. A classic staples stock, its performance has been indicative of its sector. Over the year and year-to-date, McCormick & Company, Incorporated (NYSE:MKC)’s shares have gained 5.9% and 7.2%, respectively. Cramer’s previous comments about the firm have highlighted that the firm can do well if there’s a recession or if consumer confidence drops. His latest remarks about McCormick & Company, Incorporated (NYSE:MKC) maintained this theme:

“And I just wanted to defend McKormick for a second, now they do have two percent volume growth. It’s not bad. They do have some currency that really knocked things down. People are not factoring it. If you factored in the currency which was bigger than they thought, it’s actually in-line. But what I like about McKormick best, is that people are, when people are . . .and don’t want to go out to expensive restaurants, they cook. And when you cook, you use spice. . .And McCormick is a spice company, and I think they’re gonna do very well if things get, uh, let’s say tougher in the country. Because do it yourself does well. And cooking does well. And McCormick will do well.”

“I like to look at the future. And Brendan Foley I think is going to do a good job. I think that, they talk about, look they talk about Europe being very strong. Which does matter. And they just talk about, listen you gotta recognize that, you have to recognize the behavior of people. And, there are a lot of people. . .who think there’s a slowdown. And they’re very very concerned. And they’re cooking at home.”

“And I’m just saying, don’t give up on it. Because, if you think that we’re having a slowdown, people are going to cook at home. You were gonna wish you were in it.”

“And I don’t think that’s wrong, because the restaurant costs so much unless you go to Longhorn’s, you know well Longhorn’s cheaper . . .or you go to Texas Roadhouse, or you go, Cracker Barrel’s. . .but I just think that, people aren’t, KB Homes, that was a big cut price in their homes. First time.”