Here's why Jim Cramer sees opportunity in the troubled stock of spice maker McCormick
Publishing timestamp: 2023-10-03 10:28:55
Summary
McCormick's stock has dropped after mixed earnings results, but CNBC's Jim Cramer believes there may be value in the company. While there were some declines in volumes and slower economic recovery in China, McCormick's adjusted full-year earnings per share outlook has been revised higher. The recent weakness in the stock may be tied to high U.S. government bond yields. Cramer's Charitable Trust does not own McCormick, but it does own consumer stocks Procter & Gamble, Estee Lauder, and Constellation Brands.
Sentiment: MIXED
Keywords: investment strategy, markets, investingclubsample, procter & gamble co, stock takes, estee lauder companies inc, mccormick & company inc, breaking news: business, jim cramer, retail industry, breaking news: markets, business news, earnings, constellation brands inc,