"This is a good company doing well," Cramer said on "Squawk on the Street." But he pointed out, "People do not want to own" a Campbell, which has traditionally been among the consumer staples names that investors would buy to hedge against an economic downturn due to the Federal Reserve's aggressive interest rate hikes to stamp out inflation.
Instead, investors want to buy the Magnificent Seven, Cramer said, referring to a group of some of this year's top tech performers tied to AI, including chipmaker
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