Jim Cramer on Procter & Gamble: “This One’s a Question of Raw Costs and Tariffs Versus Marketing Muscle”

The Procter & Gamble Company (NYSE:PG) is one of the stocks in Jim Cramer’s game plan this week. Cramer discussed the company in light of the tariffs, as he commented:

“Procter & Gamble reports, too, and this one’s a question of raw costs and tariffs versus marketing muscle. I think the tariffs lose because this company finally has the currency tailwind from the weak dollar. They’ve been the most hurt of any company I deal with other than Johnson & Johnson.”

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Procter & Gamble (NYSE:PG) provides branded consumer goods across categories such as personal care, health care, household cleaning, baby and family care. Cramer mentioned the company on July 22 and said:

“Sometimes you get these days where it feels like the market has returned to some semblance of what you’re used to when things get shaky. I mean, these are the days when… Procter & Gamble has a big run… I think you’d be coming in a little too early at this point in the rotation. My guess is that there’ll be maybe two or even maybe three days where interest rates are lower. This was day one, and you have to wait as the food and drug analysts come out from under the table and start bragging loudly about their flock and about how it’s time to buy. That’s what those guys always do. See, I can see where Procter & Gamble could have another good day, maybe even two, based on the weaker dollar. What analysts could resist a price target boost there?”

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