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Jim Cramer's Mad Dash: Campbell's Earnings Disappoint

NEW YORK (TheStreet) -- Campbell Soup (CPB - Get Report) is lower by roughly 3% on Monday morning, due to an underwhelming earnings report. 

"This was one horrendous quarter," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment. 

The company was only able to generate organic growth of 1%, while management failed to lift investors' spirits, he added. 

However, the stock seems to be forming a reverse head-and-shoulders chart, a bullish technical chart pattern. The stock also tends to find support when its dividend yield approaches 3%, Cramer said. 

"Young people don't want to buy" canned products with a lot of sodium, he reasoned. They want to buy all-natural foods, much like what Hain Celestial Group (HAIN - Get Report) has to offer.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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HAIN $61.00 0.00%
AAPL $128.95 0.00%
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