TheStreet’s Jim Cramer is keeping an eye on Hormel Foods (HRL) and Campbell Soup (CPB) Tuesday when both companies release their latest quarterly results before the opening bell. Analysts are expecting Hormel to post earnings of $0.69 a share on $2.5 billion in revenue for its fourth quarter. Cramer says about Hormel, ‘we think of that as Spam, we should be thinking about that as Applegate Farms which is a fantastic natural organic play that they bought.’ As for Campbell Soup, Cramer says its acquisition of Bolthouse Farms back in 2012 is ‘working for them’. Analysts are forecasting CPB to post earnings of $0.76 a share on $2.22 billion in revenue for its fiscal first quarter. Cramer says, ‘Hormel is up so much that it’s tempting to buy it but…I just don’t know if it can go up again. And Campbell’s, it goes down every time it reports, and that’s when you snatch it up.’
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