Jim Cramer Talked About These 17 Stocks After The Fed’s Rate Cut

14. Conagra Brands, Inc. (NYSE:CAG)

Number of Hedge Fund Holders In Q3 2024: 26

Conagra Brands, Inc. (NYSE:CAG) is a defensive stock that sells packaged food products such as Slim Jim to consumers. Its shares are down 8.2% year-to-date as it has battled with a struggling US consumer who has shifted to lower-cost brands amidst a two-year inflationary wave. The shifting trends have made Conagra Brands, Inc. (NYSE:CAG) consider selling some of its food brands to raise cash and cut down on costs. As is with other retailers, volumes are key to the firm’s hypothesis as they help it drive margins and derive economies of scale. Here’s what Cramer said:

“I think Conagra actually has a line of GLP-1 foods. And they think that GLP-1 is a tailwind. Tailwind.”