On tonight’s MAD MONEY, Jim Cramer wanted to discuss a stock in a great trend from microtrends. The vegan children and organic going mainstream is a huge and growing market and he likes Hain Celestial (NASDAQ:HAIN) as the play for this. This stock closed at $33.76, down 0.76% today, but shares rose over 3% to $35.00 in after-hours trading after the Cramer note. This has a $1.34 Billion market cap, and this looks like a new 52-week high.
A name that 24/7 Wall St. likes just as much or more at current prices is United Natural Foods (NASDAQ:UNFI), which is more of the casino operator analogy rather than the gambler. This has a few of its own packaging but it distributes over 40,000 products. It already got the guidance out there for 2008 which was in a combined Whole Foods (NASDAQ:WFMI) and Wild Oats environment that really hit the stock. As Kroger goes more organic and as Safeway and others are increasing organic and natural offerings this is one we like even better. The only thing we don’t like is that United Natural has a bit more exposure to transportation and materials costs comparatively and that may keep a lid on this.
Jon C. Ogg
October 24, 2007
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
