Jim Cramer Was Right About These 5 Stocks

4. Procter & Gamble Co (NYSE:PG)

Number of Hedge Fund Investors: 71

Cramer’s Recommendation: Buy

YTD Performance in 2024: +8%

Jim Cramer has been a big believer in Procter & Gamble Co (NYSE:PG). In December 2023, Cramer praised Procter & Gamble Co (NYSE:PG) and said Procter & Gamble Co (NYSE:PG) had a “good” dividend yield and the stock was for “sale.” Cramer also said at the time that Procter & Gamble Co (NYSE:PG) was the “biggest beneficiary of the big-cap stocks.”

Procter & Gamble Co (NYSE:PG) shares have gained about 8% in 2024 through February 26. Clearly, Jim Cramer was right about this stock when he recommended investors to buy and hold.

Madison Sustainable Equity Fund stated the following regarding The Procter & Gamble Company (NYSE:PG) in its fourth quarter 2023 investor letter:

“We sold The Procter & Gamble Company (NYSE:PG). After two years of strong pricing growth, the company is facing slower market growth in both the US and Europe. China, the company’s second largest individual market, is facing a protracted downturn with poor visibility on when fundamentals will improve.”