Jim Cramer: J.M. Smucker Is in the Sweet Spot as a Long Idea

Consumer staples companies are focusing on acquisition strategies to drive future growth. Jim Cramer, Portfolio Manager of Action Alerts PLUS, and TheStreet's Jill Malandrino say J.M. Smucker is one of those stocks that sets up well as it fits the 'triple play' trade. Cramer and Malandrino both like its fundamentals, the chart and options signals. The stock has recovered since earnings and is on track to breach its 52-week high, while the options market is showing implied volatility at 52-weeks lows. This is a great setup for accumulating shares for a longer-term position or to buy some premium in the options market.