25 Stocks Jim Cramer Recently Shared Insights On

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

Number of Hedge Fund Holders: 88

The Procter & Gamble Company (NYSE:PG) is one of the 25 stocks Jim Cramer recently shared insights on. Cramer recommended the company stock for investors who want consumer packaged goods stocks. He said:

“You want consumer packaged goods? Well, then that’s easy. You buy Procter & Gamble because the dollar’s been incredibly weak and the company’s the principal beneficiary in the S&P 500 of a weaker dollar. They sell a ton of merchandise, overseas has suddenly gotten a lot more competitive.”

Procter & Gamble (NYSE:PG) is engaged in providing a wide portfolio of branded consumer goods across beauty, grooming, health care, fabric and home care, and baby, feminine, and family care. During an early June episode, Cramer mentioned the company stock and said:

“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.”