Jim Cramer Weighs In On Hormel Foods And Snap

On CNBC's "Mad Money", Jim Cramer said he would stay away from Hormel Foods CorpHRL. He explained that it's not a right time to own such a defensive stock in the sector rotation that is going on.

Cramer thinks that Snap Inc's SNAP management has augmented reality. He added that the market thought that Instagram is going to be challenged by Snap, but that isn't the case. Snap is the No. 1 reason to own Facebook Inc FB, concluded Cramer.