17 Stocks on Jim Cramer’s Radar

1. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 46

The Kraft Heinz Company (NASDAQ:KHC) is one of the stocks on Jim Cramer’s radar. During the episode, Cramer discussed the future possibilities of the company. He said:

“I mean, you could see… Kraft Heinz. It’s reportedly breaking up soon. People are yawning. So what, so what they’re saying, big deal. I say, no, that is dead wrong. The company’s said to be planning to keep its faster-growing brands, like maybe Heinz Ketchup, a lot of new derivatives there… Philadelphia Cream Cheese, while separating the brands with the slowest growth, like Oscar Mayer packaged foods, Velveeta cheese.

The deal putting Heinz and Kraft together sounded like a match made in heaven in 2015. How could it fail? Great name brands orchestrated by Warren Buffett and the brilliant people from 3G Capital, the uber successful Brazilian private equity firm… But then people stopped going to the center aisles of the supermarket, and that spelled trouble for Oscar Mayer, for Jell-O, for Miracle Whip, for Maxwells, for Velveeta, which apparently can survive thermonuclear war, and Cheez Whiz…

Here’s what’s amazing, though, people now think these brands have no value, but you know what? That’s what they said about WK Kellogg. The cereal business, when it split with Kellanova, the fast-growing part of the Kellogg family, which of course got a bid until the serial acquirer couldn’t, couldn’t resist… Serial acquirer Ferrero stepped up and paid $3.1 billion for the maker of Fruit Loops and cornflakes. That was some deal last week. It was amazing… My feeling is that if Giovanni Ferrero sees value in Fruit Loops, he might see some value in some of the Kraft Heinz brands too.”

Kraft Heinz (NASDAQ:KHC) develops and sells a broad portfolio of food and beverage products under its brands and distributes them through retail, foodservice, and online channels.

While we acknowledge the potential of The Kraft Heinz Company (NASDAQ:KHC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KHC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.