Jim Cramer Says 'Buy Procter & Gamble'
'You want consumer packaged goods? Well, then that's easy. You buy Procter & Gamble because the dollar's been incredibly weak and the company's the principal beneficiary in the S&P 500 of a weaker dollar. They sell a ton of merchandise, overseas has suddenly gotten a lot more competitive.'
A happy couple viewing the products of this household and personal product company in a mass merchandiser store.
Procter & Gamble (NYSE:PG) is engaged in providing a wide portfolio of branded consumer goods across beauty, grooming, health care, fabric and home care, and baby, feminine, and family care. During an early June episode, Cramer mentioned the company stock and said:
'We learned this morning that Procter & Gamble, the unbelievably best consumer packaged goods enterprise on Earth, plans to cut 7,000 jobs over two years. This trimming the workforce would normally have the stock jumping, the market loves cutting costs. It would've been still one more sign that Procter will stop at nothing to keep profitability growing. In a good tape, we would've presumed that P&G is using cheap AI to replace expensive people. But now, when we read the headline, we assume something must be really terribly wrong at the company, and it gets hammered.'
While we acknowledge the potential of PG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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