Jim Cramer Says The Procter & Gamble Company (PG)’s Recession-Resistance Helped The Stock

We recently published Jim Cramer Analyzed These 10 Stocks & Discussed Inflation. The Procter & Gamble Company (NYSE:PG) is one of the stocks Jim Cramer recently discussed.

The Procter & Gamble Company (NYSE:PG)’s shares jumped slightly the day these comments were aired. The stock benefited even as broader markets tumbled due to investors entering risk-off mode. During the day’s trading, investors were concerned about surging bond yields, the legal status of President Trump’s tariffs, the tussle between the President and Fed Governor Lisa Cook, and dropping consumer spending. As a result, safe haven stocks like The Procter & Gamble Company (NYSE:PG) benefited. Cramer discussed the share price movement:

“So I don’t have anything that I really, like I said you know let’s watch Zscaler, but, what’s going up is the stuff that says we’re going to have a recession. Not that we’re going to have a Carter-like recession, because what’s going up are the companies that seem to be able to make it so that they can, mitigate prices. So you have like a Procter up. . .”Jim Cramer Says The Procter & Gamble Company (PG)'s Recession-Resistance Helped The Stock

LuckyImages/Shutterstock.com

Previously, Cramer discussed The Procter & Gamble Company (NYSE:PG)’s attempts to raise prices:

“[On firm saying they’re raising prices and communicating to Walmart and Target] Well good luck. Communicate all you want. It’s not the way it’s working. Go communicate that to Costco. You know what Costco says, we have a different communication. Here’s our communication.”

While we acknowledge the potential of PG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

Story Continues

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

View Comments