In this article, we will look at Jim Cramer’s Take on 5 Stocks: Home Depot, Procter & Gamble, and Danaher. Please visit Jim Cramer’s Take on 24 Stocks: Cisco, Eli Lilly, and Ford, if you’d like to see the extended list and methodology behind it.
5. The Procter & Gamble Company (NYSE:PG)
The Procter & Gamble Company (NYSE:PG) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. Cramer showed confusion regarding adding more of the stock to the Charitable Trust’s portfolio, as he commented:
Back in 1999, we had some stocks of companies that would report upside surprises and quickly give up much of their post-earnings gains. Oh, there’s something we’re starting to see. Right now, I’m looking at PepsiCo and Procter & Gamble. They just gave up the ghost in a similar fashion in 1999. We own Procter for the Charitable Trust, and I’m so tempted to buy more, but there’s really no reason to believe the stock can start rebounding anytime soon, given the current environment. I’m not oblivious.
The Procter & Gamble Company (NYSE:PG) provides branded consumer goods across beauty, grooming, health care, home care, and family care. The company sells its products through renowned names such as Tide, Pampers, Gillette, Crest, Olay, and Febreze. Cramer mentioned the stock during the April 17 episode, ahead of its earnings. The Mad Money host remarked:
Finally, on Friday, we hear from Procter & Gamble’s new CEO, and I think the quarter’s going to be weak. The last couple of quarters were not so hot. It’s too soon for a turnaround, too soon. But I like the stock very much as a hedge on a slowdown. It’s as cheap as I’ve seen it in years, which is why we own it for the Trust.
4. Kimberly-Clark Corporation (NASDAQ:KMB)
Kimberly-Clark Corporation (NASDAQ:KMB) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. Cramer highlighted the fire at a company’s distribution center that damaged its toilet paper products, as he said:
Okay, well, here’s two that are mind-boggling: Clorox and Kimberly-Clark. These are excellent companies, long-term, terrific. They both yield more than 5% here. That’s remarkable in itself… I am worried about Clorox. It’s had some tough times. So has Kimberly, considering this gigantic, terrible fire that wiped out a huge amount of Scott toilet paper. However, Kimberly’s about to merge with Kenvue, and that’s a fantastic deal that I bet will produce tremendous returns. Unfortunately, I don’t see the stock being rewarded for it, not in this market.
Kimberly-Clark Corporation (NASDAQ:KMB) manufactures personal care products and provides items such as diapers, wipes, feminine and incontinence care products, and household paper goods. A caller inquired about the stock during the April 9 episode, and Cramer commented:
Well… Remember, it just had that fire, the six-alarm fire at its largest distribution center of toilet paper. Let’s, you know, Mike Hsu did not necessarily set that out, for that to happen. Five and a quarter percent, let’s go over this, 5.25% yield, buying Kenvue, it’s going to be additive to the situation. I am going to stick my neck out and say, even though it’s at 13 times earnings, I think you should buy more… I really do. I think you should average down. I know people don’t like to hear that, but I’m, I have great faith in Mike Hsu. And I think at 5.25% yield, I want to own Kimberly-Clark.
3. The Home Depot, Inc. (NYSE:HD)
The Home Depot, Inc. (NYSE:HD) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. Cramer noted that the stock performs well during a rate cut and vice versa, as he remarked:
Okay, so let’s go to retail. Consider Home Depot… This is the most seized upon stock when you think that interest rates are going to get cut. We’re about to get a new Fed chief shortly, Warsh, and he’s known to favor lower rates, okay? Now, though, with oil up huge because of the war, and the soon-to-be-reported CPI is supposed to run hot, the market’s going cool on the idea that there could be any rate cuts. So they’re eviscerating the stock of Home Depot because it’s very difficult for the business to run without a rate cut. It needs housing turnover. We don’t have it.
The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that sells tools, building materials, and decor. Furthermore, the company provides installation and equipment rental services. A caller inquired about the stock during the April 23 episode, and Cramer replied:
When I did the Home Depot work for the Trust, Home Depot is a, it’s a template, okay? It’s an example. It’s an analog. Home Depot is what you buy when you get rate cuts. It is time-honored… This is the stock you own when you get rate cuts. You don’t buy Intel when you get rate cuts, although you should buy Intel. I can’t believe I’ve been saying good things about Intel. I never told people, just buy Intel.
2. Danaher Corporation (NYSE:DHR)
Danaher Corporation (NYSE:DHR) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. Cramer called it a “one-time excellent company,” as he said:
For instance, Danaher, another one-time excellent company, has seen the stock just get pulverized after not-so-great quarters, or I should say a savage string of not-so-great quarters. The stock of the medical and diagnostic company is down… 27% year to date, and just head shaking, this is Danaher. Those two, of course, aren’t alone. Boston Scientific, Intuitive Surgical, Medtronic, ResMed, Stryker, Zimmer Biomet, they all hit new lows. That’s a remarkable confluence of true ugliness from some pretty darn good companies.
Danaher Corporation (NYSE:DHR) provides instruments, consumables, software, and services used in bioprocessing, life sciences research, and clinical diagnostics. Cramer mentioned the stock during the January 23 episode and commented:
CNBC Investing Club members, look out. You’re going to be flooded with emails Wednesday because Charitable Trust holdings, Danaher, Starbucks, GE Vernova, Microsoft, Meta, and Corning all report. Let me give you a preview. After a multi-year dry spell, Danaher has big orders from biotechs for expensive management. It seems like a biotech comes public every day, doesn’t it? They’ve managed some better-than-feared results in recent quarters, but this could be the first truly strong quarter in years. The stock was down badly today. Could be a real interesting opportunity.
1. Abbott Laboratories (NYSE:ABT)
Abbott Laboratories (NYSE:ABT) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. Cramer highlighted it as one of the “greatest American companies,” as he said:
…Let’s talk about some similarities that have now been popping up, okay? In 1999, we saw the wholesale slaughter of all the traditional growth stocks away from tech. It was tough to own any healthcare stock back then. We’re seeing something very similar now. I could give you a long list, but I’d rather just present to you… Abbott Labs, one of the greatest American companies in history. Abbott missed its last quarter by a smidge, and it’s now down 34% for the year. This is Abbott Labs, for heaven’s sake. A market that doles out such harsh punishment for Abbott Labs is a market that despises anything not connected to tech and the data center.
Abbott Laboratories (NYSE:ABT) develops and sells healthcare products, including generic medicines, diagnostic systems, nutrition brands, cardiovascular and diabetes care devices, and neuromodulation technologies. Cramer discussed it as a part of his game plan during the April 10 episode and stated:
I also want to hear from Abbott Labs, and this is tricky, okay? Its stock’s down an astounding 20% for the year after that last just so-so quarter, and a loss and a lawsuit about its special baby formula. But I don’t know if this really, if this stock really belongs on the 52-week low list. I mean, that said, if Abbott’s going to go higher, it’s going to have to give us a couple of reasons on the call.
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