TheStreet's Jim Cramer said consumer packaged goods stocks have been on a tear but he doesn't think they are overvalued. Cramer said companies like General Mills (GIS) , Kellogg (K) , and Clorox (CLX) benefit from the fact that raw materials cost are coming down. Cramer added they are also benefitting from share buybacks. Cramer said while some analysts think the stocks are in dangerous territory because of how much they've advanced, he doesn't think that's the case at all. He sees no selling pressure in the group, which also includes names like Kimberly Clark (KMB) , Procter & Gamble (PG) , Campbell (CPB) , Estee Lauder (EL) and Dr. Pepper (DPS) . Cramer is portfolio manager of Action Alerts PLUS.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.