Jim Cramer added American Italian Pasta ( AIPC) to his list of recommended private label food stocks on his "Mad Money" show Friday night. The stock traded higher Monday.
On Monday, shares of American Italian Pasta closed higher, up $0.07, or 0.22% to $32.16. American Italian Pasta is not only the largest producer of dried pasta in America but also the largest private label pasta maker. Cramer said this combination makes it a huge winner. Cramer told viewers to wait for a good entry point in this stock, adding "don't go crazy." In recent weeks, Cramer has also recommended both Ralcorp ( RAH) and TreeHouse ( THS) as ways to play the growing trend of private label foods outpacing their brand name competitors. On Monday shares of Ralcorp closed higher, up $0.39, or 0.71% to $55.53. Shares of TreeHouse closed higher too, up $0.16, or 0.56% to $28.62.