Cramer's Earnings Preview for United Natural Foods
"Mad Money" host Jim Cramer plans to monitor United Natural Foods' quarterly earnings results, which will be released on Tuesday.
The Providence, R.I.-based company distributes and sells natural and organic foods – a trend that Cramer says is not going away anytime soon. In fact, Cramer thinks United Natural Foods’ results could refocus investors to The Hain Celestial Group and Whole Foods Market. Like United Natural, both companies take part in the “healthy eating” trend. Neither stock is cheap, Cramer admits, but he thinks they represent great value and could go higher.
“I suggest you use some deep-in-the-money call option strategies as mentioned in his latest book, “Getting Back to Even,” to buy some Hain or Whole Foods if they're down again on top of today's losses because maybe UNFI brings them roaring back,” Cramer said, adding he would look at January 80 calls for WFM, or February 65 calls for HAIN. “Not a lot of premium and you get stopped out at a level that could be higher than where the stocks would go if they disappointed.”
Read on for Cramer’s 5 Retailers Poised to Push Higher
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