As some of the market's hottest stocks take a pause, CNBC's Jim Cramer on Tuesday told investors it may be wise to get into some "slowdown stocks," like companies with products related to pets.on Tuesday told investors it may be wise to get into some "slowdown stocks," like companies with products related to pets.
Cramer noted that Chewy's stock has rebounded over the past few months, steadily on the rise since the company reporteda "gamechanger," and was impressed by significant earnings growth over the past year and commentary from management that indicated positive trends in pet adoption., Elanco has many promising treatments in its pipeline, Cramer said.
"I'm going with Smucker because of its distinctive shrink-to-grow-more-profitably lucrative narrative in pet food," he said. "Plus, I think this is a good moment to own a defensive consumer packaged goods name because the market's gotten a little more difficult."
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