CNBC's Jim Cramer on Wednesday said the packaged food industry appears to be rebounding after falling into trouble waters in recent months."As much as I hate to chase, I think General Mills is too cheap and too good to ignore here," the "Mad Money" host said."And Smuckers, let's just say it's not too far behind."
"The more downbeat stories we see about the market, the more likely it will be that we'll have a decent earnings season. The averages can power higher because it's decent," the host said."Lowered expectations are the best kind of expectations."The tobacco sector has soared in recent months even as smoking rates continue to decline and vaping becomes more popular, Cramer said.
"When I started at Dominion about two decades ago ... about 55 percent of our power production came from coal," he said."Last year it was 12 percent and that's been largely replaced with renewables and natural gas."Dave & Busters' earnings show how the company has found the right strategy to draw customers into its locations, Cramer said.
At at time when more people are inclined to shop and play games at home in lieu of hanging out at a mall, the gaming center operator beat sales and revenue growth expectations, Cramer said.In Cramer's lightning round, the"Mad Money" host zips through his reactions to callers' stock questions:
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