Jim Cramer names packaged food stocks likely to do well in a slower economy

CNBC's Jim Cramer on Friday told investors which packaged food stocks might be good additions to their portfolios, especially if the economy is headed for a slowdown.on Friday named packaged food stocks that might be good additions to portfolios, especially if the economy is headed for a slowdown.

Cramer said he thinks Campbell Soup and J.M. Smucker both told"compelling" stories this week, but that he prefers the former. According to Cramer, Campbell Soup reported solid earnings but weaker guidance, due in part to its pricey acquisition of pasta sauce maker Sovos Brands. He suggested the acquisition will pay for itself over time and was encouraged that the company seems to be growing sales without raising its prices.J.M.

"Ultimately, I feel incrementally more positive on the packaged food space after hearing from Campbell's and Smucker," he Cramer said."For those two stocks specifically, I do prefer Campbell's … but Smucker still has a good value proposition."Supreme Court

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