We recently published 11 Latest Stocks Jim Cramer Talked About. The Procter & Gamble Company is one of the stocks Jim Cramer recently discussed.
The Procter & Gamble Company is one of the largest consumer goods companies in the world. In his previous comments, Cramer has called the firm one of “the best” consumer packaged goods companies in the world. The CNBC TV host believes that The Procter & Gamble Company is well run, which is reflected through investments in innovation and advertising. In this episode, he commented on the firm in the context of Kimberly-Clark announcing its $48.7 billion acquisition of Kenvue. Given that the new entity will compete in the same industry as The Procter & Gamble Company, Cramer’s co-host Carl Quintanilla wondered why the shares were not suffering from the prospect of more competition. The stock closed the day 1.6% lower, and in this appearance, Cramer remarked that Kimerly’s CEO, Mike Shu, might shake things up:
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“[On how the shares weren’t suffering from the prospect of more competition] No, Proctor, look Proctor’s, Proctor’s a juggernaut but I think that they haven’t met Mike Shu.”
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This article is originally published at Insider Monkey.
