Jim Cramer Says "Procter & Gamble Has a Big Run"

The Procter & Gamble Company (NYSE:PG) is one of the stocks that Jim Cramer recently commented on. During the episode, Cramer mentioned the stock and said:

“Sometimes you get these days where it feels like the market has returned to some semblance of what you’re used to when things get shaky. I mean, these are the days when… Procter & Gamble has a big run… I think you’d be coming in a little too early at this point in the rotation. My guess is that there’ll be maybe two or even maybe three days where interest rates are lower. This was day one, and you have to wait as the food and drug analysts come out from under the table and start bragging loudly about their flock and about how it’s time to buy. That’s what those guys always do. See, I can see where Procter & Gamble could have another good day, maybe even two, based on the weaker dollar. What analysts could resist a price target boost there?”

Procter & Gamble (NYSE:PG) produces a broad portfolio of well-known branded consumer goods that include personal care, grooming, health, cleaning, and hygiene products. On July 1, Cramer recommended the stock as a consumer packaged goods pick. He remarked:

“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.”

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