Consumer-goods is typically “a terrific place to be if you think the economy is slowing down,” Cramer said Wednesday.
Consumer-goods stocks are typically"a terrific place to be if you think the economy is slowing down," CNBC's Jim Cramer said Wednesday, but packaged-goods firmIf you like this story, sign up for Jim Cramer's Top 10 Morning
Thoughts on the MarketThe company is losing share to lesser companies, Cramer explained, especially in its pet-foods business. Consumers are reining in spending amid ongoing economic uncertainty, turning to cheaper options.
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