Jim Cramer on Procter & Gamble: "It's Cheaper Than I Can Ever Recall"

The Procter & Gamble Company (NYSE:PG) is one of the stocks Jim Cramer recently discussed. Cramer highlighted the company’s R&D investments during the episode. The Mad Money host stated:

“If you ask me what tech stock I like right now, right here, I’d tell you that my favorite tech stock is Procter & Gamble, a house of innovation. It spends more than $2 billion a year on research and development to make the best personal products imaginable. From Pampers that can handle a pounding to Tide evo detergent with six levels of clean to the Gillette Labs heated razor for the best shaving imaginable, this company is loaded with the kind of tech I’m willing to pay for. And get this, its stock’s on sale, down more than 13% for the year. And management already told you they’re going to miss the quarter, so it’s what we call de-risked…

In this market, you want the stock of Procter & Gamble because it’s cheaper than I can ever recall, with a new CEO coming in, a monster user, not maker, but user of tech, which is what’s working now in this stock market. See, Procter & Gamble used AI to fix its supply chain, uses digital twin technology to design its new factory, saving millions of dollars versus old construction. It uses AI to figure how to cut down on supplies that it doesn’t really need. So, no, I’m not being facetious… It’s hard in this market to find a bargain like Procter that sells for just over 20 times earnings with 2.9% yield. Not bad when the president wants rates to fall to 1% and you can compound.”

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.

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