15 Stocks on Jim Cramer’s Radar

12. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 88

Discussing what is affecting the consumer packaged goods stocks, Cramer mentioned The Procter & Gamble Company (NYSE:PG) and stated:

“We learned this morning that Procter & Gamble, the unbelievably best consumer packaged goods enterprise on Earth, plans to cut 7,000 jobs over two years. This trimming the workforce would normally have the stock jumping, the market loves cutting costs. It would’ve been still one more sign that Procter will stop at nothing to keep profitability growing. In a good tape, we would’ve presumed that P&G is using cheap AI to replace expensive people. But now, when we read the headline, we assume something must be really terribly wrong at the company, and it gets hammered.”

Procter & Gamble (NYSE:PG) provides a wide range of consumer packaged goods across categories such as beauty, grooming, health care, home care, fabric care, baby care, feminine care, and family care, sold under established brand names.