NEW YORK (TheStreet) -- TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is awaiting the quarterly results of Deere  (DE) and Campbell Soup  (CPB), both of which will be released before the open Friday

Cramer said research has found the American farm is in dire straits, and that doesn't bode well for Deere's agricultural equipment sales. He said to sell some Deere stock because analysts expect those weak sales to weigh on results.

The strengthening U.S. dollar is also weighing on Deere, which expects its fiscal 2015 net sales to drop 17% from its previous guidance of a 15% decline. Cramer said net income is also expected to come in short at $1.8 billion, compared with previous expectations of $1.9 billion. J.P. Morgan recently downgraded the stock to underweight from neutral and cut the price target to $84 from $90.  

As for Campbell Soup, Cramer says the division that is doing well is its natural and organic line, Bolthouse Farms. But he prefers organic food company WhiteWave Foods (WWAV), an AAP holding. Cramer thinks Campbell should be buying WhiteWave or Hain Celestial (HAIN) to broaden its push into more natural and organic foods.

Analysts are expecting Campbell to report its third-quarter earnings of 51 cents per share, down from 62 cents a share a year ago. Last quarter, the manufacturer of convenience food products, posted an upside earnings surprise of 1.5%.


TheStreet Ratings rates Campbell Soup (CPB) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held a position in WWAV.

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