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In a recent article, CNBC’s Jim Cramer discussed the impact of interest rate cuts on snack food giant Mondelez, known for brands like Oreos, Chips Ahoy, and Cadbury. Cramer advised investors to hold off on buying shares of Mondelez until the Federal Reserve starts cutting rates. He believes that the stock’s recent run-up may not be sustainable in a lower interest rate environment.
While Mondelez stock has seen a significant increase in recent weeks, Cramer highlighted some factors that could affect its future performance. He pointed out the company’s focus on smaller form factor sweets, which cater to consumers taking GLP-1 medications who may want to indulge in snacks in moderation. This strategic approach could help Mondelez maintain its market position in the long run.
Cramer also mentioned concerns about the potential impact of GLP-1 weight loss drugs on snack food companies as a whole. Despite these challenges, he emphasized the strength of the higher-end snacking category, suggesting that companies like Mondelez can continue to thrive in the face of changing market dynamics.
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