Buy, Sell, or Hold? Jim Cramer Evaluates 5 Stocks and the Fragile Food Market

2. The Progressive Corporation (NYSE:PGR)

The Progressive Corporation (NYSE:PGR) is one of the stocks Jim Cramer evaluated, along with the fragile food market. During the episode, a caller inquired if the stock is a buy, sell, or hold. In response, Cramer said:

I’m not a big believer in the… this insurance companies, particularly in that particular way. Hey, listen, if you want to own an insurance company, go own Berkshire Hathaway. They’ve got GEICO. It’s a much better diversified way to be involved in insurance. And Chubb is a better company, too, if you want to put that out there.

The Progressive Corporation (NYSE:PGR) provides insurance for personal vehicles, residential properties, and commercial transportation fleets, as well as specialized business liability coverage and investment services. We recently mentioned the stock while compiling a list of safe stocks to buy now for a starter stock portfolio. You can read about it here.