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NEW YORK ( TheStreet) -- Investors looking for safe, secure investment ideas need look no further than their local supermarket, Jim Cramer said on "Mad Money" Wednesday as he turned the spotlight on Hormel Foods (HRL - Get Report), a company with no exposure to an ailing Europe.
In a world where the plight of a few small countries can hold the world hostage, Cramer said Hormel gives investors exactly what they're looking for. It doesn't have any ties to the European economy and, unlike JPMorgan Chase (JPM), investors can easily determine how the company makes its money.But that doesn't mean Hormel is a sleepy stock with no growth, said Cramer. The company is constantly innovating with brands like Jennie-O turkey, which booked $72 million in sales last quarter. Hormel is also the purveyor of many ethnic brands including Chi-Chi's salsa and Wholly Guacamole. Unlike Facebook (FB), which has the attention of just about every investor, Cramer said Hormel has the opposite problem -- not enough investors paying attention to this great company. With corn prices falling and a long runway of non-European international growth ahead of it, Cramer said Hormel is exactly the right stock for our turbulent markets. Hormel also boasts a 2% dividend yield.
Laptops Obsolete?Are notebook and laptop PCs going the way of the typewriter? After miserable quarterly results from Dell (DELL - Get Report), Cramer thinks they are. Make no mistake, Cramer told viewers, Dell's problems were not just with slowing corporate spending. Sales for the company's consumer products were also down 15%, a staggering figure. But why is this happening? Cramer said that Michael Dell, Dell's founder and CEO, has a vision of the world that sees everyone with a desktop, a laptop and a smartphone. Unfortunately, that world view is simply wrong, said Cramer, as Apple (AAPL), a stock he owns in his charitable trust,
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