Conagra Brands, Inc. (NYSE:CAG) was among the stocks Jim Cramer highlighted, along with his latest game plan as the oil-shock-driven sell-off continues. Cramer was bearish on the stock, as he said:

Wednesday brings another report from another food stock that is hurting and that is Conagra. Now, here’s the stock that typifies what’s been happening to the whole group, an endless multiple shrinkage where the market pays less and less for pretty much the same boring earnings. Conagra yields 9%. That is historically an unsustainable level. The company has stood by the dividend and talks positively about its frozen foods and its protein specialties. But the stock says the portfolio, as much as it’s curated by the company, is simply not delivering what the market wants. And that’s how you have to view it. It’s not personal.

Photo by Chris Liverani on Unsplash

Conagra Brands, Inc. (NYSE:CAG) makes packaged foods, including pantry staples, frozen meals, and snacks. Some of its well-known brands include Marie Callender’s, Slim Jim, Birds Eye, and BOOMCHICKAPOP. The stock was part of our best undervalued defensive stock picks for 2026. You can read about it here.

While we acknowledge the potential of CAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.