Iran Conflict Rattles Stocks — Jim Cramer’s Game Plan and 5 Stock Calls

2. McCormick & Company, Incorporated (NYSE:MKC)

McCormick & Company, Incorporated (NYSE:MKC) was among the stocks Jim Cramer highlighted in his latest game plan as the oil-shock-driven sell-off continues. Cramer highlighted that he was in favor of the company’s potential merger, as he said:

Tuesday is a day of challenged companies. First, McCormick reports, and this spice stock has become very tough to own. The flavor company, as they call themselves, is said to be in talks to merge with Unilever’s food business, which includes Hellmann’s mayo, Colman’s mustard, and Knorr soups. If they do the deal, the combined company will own some big chunks of multiple supermarket aisles. But the food stocks have been quite simply awful, including McCormick, with a stock that’s down 22% for the year. There’s only one way out of this jam, though. They’ve got to merge and cut costs. I think that we’ll like a new McCormick, if they do merge, which can then slot their brands through its own delivery methods and save fortunes. I love the combo. I hope it works out. I hope they announce it.

McCormick & Company, Incorporated (NYSE:MKC) produces and sells spices, seasonings, condiments, and flavor products for consumers and food manufacturers.