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NEW YORK (
) -- Investors looking to invest in food stocks should look no further than
, Jim Cramer told Debra Borchardt at
Cramer said that ConAgra's move to acquire
( RAH) gives it key exposure to the red-hot private-label market and, with CAG's s huge yield, is not done going higher and could see $35 a share.
Beyond ConAgra, Cramer said he's also bullish on
, which also has a good yield, along with
on the heels of its acquisition of Pringles.
Which food stocks would Cramer avoid? The only one that came to mind was
, a stock Cramer said has been too inconsistent for his liking.
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-- Written by Scott Rutt in Washington
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At the time of publication, Cramer's Action Alerts PLUS had no positions in the stocks mentioned.
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