Jim Cramer on Colgate-Palmolive: “One of the Premier Consumer Packaged Goods”

Colgate-Palmolive Company (NYSE:CL) is one of the stocks Jim Cramer shared insights on. Cramer noted that it is “rare” that he sees the stock at this low level. He said:

“Or how about Colgate-Palmolive, often considered one of the premier consumer packaged goods companies? You can buy that stock now at the 52-week low and ride that 2.5% yield. It is so rare that I see that stock go this low.”

Photo by Joshua Mayo on Unsplash

Colgate-Palmolive Company (NYSE:CL) produces consumer goods across oral care, personal care, home care, and pet nutrition. Cramer mentioned the stock in an August episode. He remarked:

“The best one in the group, by the way, is Kimberly. Mike Hsu did an amazing job. Kimberly is the right one. Now I will say this, I thought the Colgate quarter was darn good. I like the Hill’s. I think Total’s doing amazingly well. I don’t understand why it’s acting the worst of all of them. Maybe it’s because of the high multiple, but I would not abort. I would not leave Colgate right here. I just can’t. But boy, that’s, that’s it. Noel Wallace, come on the show. I know you don’t like media, but you know this is the right place to go.”

While we acknowledge the risk and potential of CL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.