The Procter & Gamble Company (NYSE:PG) is one of the stocks from different market sectors that Jim Cramer commented on. Cramer mentioned the stock while discussing the performance of consumer packaged goods companies, as he commented:
“The packaged food stocks were mostly lower, with some huge names down… the big ones just down horribly, and some of that was GLP-1. The consumer packaged goods stocks also drifted lower, with even high-quality operators like Procter & Gamble down double digits. Now, I recommended Procter here yesterday, and it rallied $3.5, and I do not think it is done today. A weaker operator like Clorox tumbled 38%. Target was a one-off disaster, down 28%, and the alcohol companies, they were just eviscerated.”
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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 discussed the stock during the January 7 episode and said:
“I can go over how NVIDIA or Broadcom are down huge too much, and they’re way, way from their highs, but well, then again, I’ve been recommending them consistently for club members, so there’s no real revelation there. So let me give you another one that’s on my radar screen that might intrigue you, one that is hated, despised, one that I wrote up in How to Make Money in Any Market as a tremendous company, that’s become a complicated, unloved stock because it’s not tech and it doesn’t have great growth right now. I’m talking about Procter & Gamble. The Cincinnati colossus has seen its stock tumble remarkably from $180 in March to $138 today. This is P&G. It doesn’t usually have that kind of move. It’s a dividend aristocrat. Some people call it a dividend king because it’s increased its payout for 69 consecutive years. You’re now getting the stock with a 3% yield. I’m not calling the bottom, but it does have a new CEO. It has the opportunity to shake things up.
