Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

11. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders In Q3 2024: 68

The Procter & Gamble Company (NYSE:PG) is one of the biggest consumer goods companies in the world. While this exposure to essential consumer spending often proves to be a bellwether in a tight economy, The Procter & Gamble Company (NYSE:PG)’s shares are up by a modest 8.6% over the past year. The stock has struggled due to the competition that the firm is facing from rivals in the US and China. High inflation has dented consumer spending and created an opportunity for The Procter & Gamble Company (NYSE:PG)’s rivals to eat its market through lower prices. Here’s what Cramer said:

“Witness the fact that Procter & Gamble is down huge. You know this is a good company, the multiple is shrinking. Now some of that could be what’s going to happen with the ten and thirty years [10YR and 30YR bonds]. We gotta keep track of this auction. But some of it is just a belief that you know what these are stocks that will be hurt by materials costs and maybe their prices are going to come down. Their end market prices.”