The food stocks are going up, and that doesn't bode well for the economy or the stock market, said Jim Cramer on his "RealMoney" radio show Tuesday.
The last time the food stocks went up in tandem, said Cramer, was the spring of 2000, when the Federal Reserve took interest rates too high and the economy started to fall apart. Cramer told listeners to pay heed to the big sea change as people are selling companies that need a strong economy to do well, like the chemicals, paper, steel, heavy machinery and homebuilding stocks. Meanwhile, they're buying food stocks, which have consistent growth regardless of economic conditions.
The best way to play the food stocks is Altria (MO Quote), said Cramer. He believes Altria can go to $100. ...
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