so again, that plays perfectly in conagra's branded and private label plans.e is a guy determined to reinvigorate his company and has now put it in the highest echelon, the elite of the consumers package good sector. stick with cramer. >> from our family to yours, happy holidays, cramerica. peace and prosperity from all of us here at "mad money."

conagra also increased the ante on the full year target. good to have you on the program, mr. rod kin, thanks for joining us. >> good to be here. >> you raised your guidance for next year, but many of your peers are talking about uncertainty. why are you so optimistic? >> well, we believe that we really do have some momentum in the business. both operating segments, both our consumer foods and our commercial segment are both doing well. we say we've got the right pricing architecture and got the right level of investment, particularly from a marketing and an innovation standpoint, and our productivity initiatives are working extremely well, so when we put that all together and look forward, we continue to believe that the momentum will carry through. >> so in terms of the -- the expense side of the business, we know that commodities prices have been moving up. how has that impacted your business, and do you expect that to continue and force you to pass it on to consumers? >> maria, the inflation in our cost of goods is actually the level of inflation, is much more moderate thi

the chief executive officer of c c conagra.hey make brands such as pam, swiss miss chocolates, most importantly healthy choice. the shareholders have been retchly rewarded. a 14% gain going for this year and that's before the bountiful 3.3% yield, which of course makes a big dividend. compare that with heinz up 9%, kelloggs up 8, general mills 3, coca-cola and pepsico, about 6. it's really only hershey which has gained 20 pnd and mccormack, the spice company, that are beating conagra. the best news here is i think it's not done. it's spending $5 million to buy the praft label food product. that should make 2013 even better. let me walk you through the reasons why. first rodkins is where the world is going. it's a fabulous choice for those who want to eat healthy and lose weight. rodkins is spending r & d. that was my dropping the swiss miss and then hitting my mic so it's ban total calamity. >> it was once said that ca finally with this ralcorp acquisition, they can compete in all areas, the private label brand. the consumers a

a the largest bread-baking company in the world is also interested, along with food producers, conagra and flowers foods and the baker of little debbie snacks, hostess, filed for bankruptcy amid a nationwide worker strike. bidding could go as high as a billion dollars. >> let's check on our weather with leigh glaser. >> leigh: hi there, everyone. a cold rain has settled over the bay area. the clouds trapping a pool of cold air close to the surface. this is looking west. the bay bridge here, a mercky view as the fog is starting to settle in as well. let's get right to live doppler 7hd. those in the north bay, cold showers off and on all morning long, you can see that most of the activity now has slipped to the south of san francisco so the south of san jose in the north bay, starting to see dish won't say partial clearing but some of this is very light, starting to ease up. but points southward and eastward, you're still going to find light rain pushing through the livermore valley area, towards niles road, and down towards the gilroy area, hollister, morgan hill, that's where the light

. >> what i was thinking i told a friend of mine today conagra reported an amazing number. that's the kind of thing i would think about. nice yield. good growth. i think that's the best idea. why don't we go to brooks in ohio. brooks was here. brooks? >> caller: my question is about abbott, the split, how's it going down and which side are you on? >> good news today. the split will be included in the s&p which is why it was up. abbott is going higher. that's why my travel trust owns it. things seem dysfunctional in washington but even now it's better to be a buyer than a seller if you know where to look. "mad money" will be right back. >> announcer: coming up, the world is overflowing with information and tibco helps make sense of ones and zeros. while the market is up nice for the year, its stock is now down big. does today's turn to the green mean it's time to logon or should you pull the plug? cramer's exclusive with the ceo is next. and later, high stakes. looking to play a turnaround in the people's republic? much of the chinese market can get lost in translation but c

you've most likely purchased some of conagra's well-known brands at the grocery store so why is the food-maker placing a bet on generic brands in the ceo is here exclusively. >>> and would you have made a lot of money if you listened to our next guest's predictions a year ago right here on this very show, so go get your pen, grab your paper, because rbc's mark harris reveals his top five picks for 2013 straight ahead. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd

shares of conagra jumping to 52-week highs.mpany postbetter-than-expected earnings and raising guidance for fiscal 2013. and average rate for the fixed mortgage, 30-year, 3.37%, according to freddie mac. >>> all right. a couple minutes until we get eia numbers on nat gas. go to bertha coombs, watching not just the energy complex but also what's happening to gold today. down some 22 bucks. >> yeah. yeah. it's really an interesting thing. it has been lately when you talk about gold, when the lopes up for the fiscal cliff, gold is down. today, we are just seeing some liquidation overall. as far as natural gas, natural gas again also being the opposite. today was down, yesterday, bouncing this morning, up about 2%. certainly the fact that we are seeing that snow in the midwest, saw poor mike seidel thought in the snow that is helping. also seeing heating oil now coming off of the lows, moving into positive territory this morning. as far as the number coming up here in just a minute or so the expectation is for a withdrawal of 74 bi

and s&p cuts conagra to near junk status on a deal. it's down. dow industrials now dead flat. go again. dead flat, that is sound bite trading. any word of these fiscal cliff discussions, the market will move. housing, a bit of a bright spot in the economy, but if we fall off the cliff, that could end. if lawmakers can't reach a deal nearly every working american will face higher tax rates and we'll deal with both issues next. >> well, we're flat. down four points, all we've got. we're below 13,000 all waiting for any news on fiscal cliff developments. we'll keep you up-to-date. venezuela's president, hugo chavez is suffering new complications from a respiratory infection that just three weeks after undergoing surgery for cancer in cuba. chavez has not been seen or heard from since his fourth cancer related surgery which took place earlier this month. government officials say chavez might not return in time for the inauguration of his new six-year term on january the 10th. okay. check the price of oil, they're not related. the situation concerning hugo chavez is not related to

advocacy community and people from all around the country to stand here together to say we need a conagra's that governs. we need a congress to solve our problems. we are especially concerned today about lifting up middle- class families who were so apprehensive about the future and the working poor who get keep -- keep getting pushed far. it is my great honor to introduce one of the members of the senate who is pushing for a reasonable solution and, reasonable revenue for responsible programs. senator harkin has been an advocate for years. he represents the state of iowa and he knows what the middle class is struggling with. it is with great pleasure that i introduce to you senator harkin. [applause] >> is unsure wonderful? -- is not she wonderful? thank you, sister simone. that is the best speech ever given. it was wonderful. let's face it. this is a manufactured crisis. it is that a real crisis inherent in our system. it is manufactured by the republicans. it is manufactured by the republicans who refuse to ask those with the most in our society to give a little bit more to make our coun

>> again, conagra's has given guidance on that that the producers and merchants and people that actually use the physical commodity or intend to use it or oversee it that are not under position limits, and then everyone else colloquially are called speculators then on producer merchants. >> i don't know if i would use the word speculator for the index fund with i will move on. the process of the no action letters you've got market participants who are trying to complete the work ahead of the compliance date, and then at the 11th hour the date is extended. certainly it would be better if it were extended prior to the 11th hour. by understand the cftc has been issuing new letters and temporary relief exempt of orders and they tend to come in at the 11th hour. it can be frustrating for those who don't know until that 11th-hour whether that document will be issued to you think the full implementation schedule with adequate time for compliance would be more appropriate, or in the alternative to post a full no action letter until all of the dodd-frank rules are finalized? in general what can b

advocacy community and people from all around the country to stand here together to say we need a conagra's that governs. problems. we are especially concerned today about lifting up middle- class families who were so apprehensive about the future and the working poor who get keep -- keep getting pushed far. it is my great honor to introduce one of the members of the senate who is pushing for a reasonable solution and, reasonable revenue for responsible programs. senator harkin has been an advocate for years. he represents the state of iowa and he knows what the middle class is struggling with. it is with great pleasure that i introduce to you senator harkin. [applause] >> isn't she wonderful? thank you, sister simone. that is the best speech ever given. it was wonderful. let's face it. this is a manufactured crisis. it is that a real crisis inherent in our system. it is manufactured by the republicans. it is manufactured by the republicans who refuse to ask those with the most in our society to give a little bit more to make our country work. the republicans who held hostage in order to ke