Consumer-goods stocks are typically "a terrific place to be if you think the economy is slowing down," CNBC's Jim Cramer said Wednesday, but packaged-goods firm General Mills (GIS) has been a major laggard.
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The company is losing share to lesser companies, Cramer explained, especially in its pet-foods business. Consumers are reining in spending amid ongoing economic uncertainty, turning to cheaper options.
But General Mills aside, "it makes sense to dip your toe into the consumer packaged-goods stocks, true recession stocks," Cramer argued Tuesday on "Mad Money."
General Mills stock edged lower Wednesday, notching a new 52-week-low, at roughly $69.37 a share.
Here's a full list of the stocks in Jim Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club.