Jim Cramer highlighted three pet-centric stocks: Chewy, Elanco, and J.M. Smucker, as good picks in a tougher market.
Chewy (
$Chewy (CHWY.US)$ ): Cramer praised Chewy's recent rebound and earnings growth, driven by positive trends in pet adoption.
Elanco (
$Elanco Animal Health (ELAN.US)$ ): A spin-off from Eli Lilly, Elanco has a promising pipeline, including treatments for canine parvovirus and diabetes in cats.
J.M. Smucker (
$JM Smucker (SJM.US)$ ): While the stock has faced challenges, its pet food sales outperformed its snack segment. Cramer supports J.M. Smucker’s strategy to streamline its pet food portfolio for profitability.
Cramer believes these stocks benefit from stable, long-term demand for pet-related products.