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. . .”

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.”

“[On how they’re not the only one saying so] No I mean, but they’re trying. I didn’t think the Procter quarter was so good, because frankly, the volumes are not that great. And, you know the pricing power is not as good as you think. The yield’s isn’t protected. It’s just not great. And it’s not great I think because there’s just the tug-of-war between stores and companies like Proctor and don’t forget, Amazon. I mean you go on Amazon, Amazon I don’t David if you went on Prime Day for Proctor, but it was just like Proctor, there was no gamble. It’s that bad.

“Look I think Proctor is an amazing company. I got a book coming out, and I say, listen, Proctor, if you want to own one, they are the best. They’ve got the most leverage. All I’m saying is that it’s just a tough time in that industry. Because the raw costs are high. I thought because of the weaker dollar they would start benefiting.”

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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.