Jim Cramer Discusses These 12 Stocks & Says Mag 7 Stocks Are A Thing Of The Past

3. Colgate-Palmolive Company (NYSE:CL)

Number of Hedge Fund Holders In Q4 2024: 62

Colgate-Palmolive Company (NYSE:CL) is a sizable consumer goods company whose business model means that investors flee towards it for refuge when growth stocks and broader markets tumble. Its shares have gained 3.9% year-to-date, but tumbled by 3.5% on Tuesday. The dip in Colgate-Palmolive Company (NYSE:CL)’s shares is telling when we analyze it in tandem with Cramer’s remarks. The host believes that the stock has to fall to show that investors are willing to return to growth names. Here’s what he said about Colgate-Palmolive Company (NYSE:CL):

“David Faber often asks me, what’s the key to this market? I’m gonna have to give three keys, I’m sorry, lot of doers. SJ Smucker, SJM, Colgate, and JNJ. These are two companies, SJM and Colgate, that are not doing well. . .And, what I’m saying is this these three have been bid up unnaturally by this program, which is out of the really good stocks of companies that are doing really well. And then to the companies. . .Colgate has to be thrown back to 92 level. Where they began these ascents. These companies are not doing well enough to be able to support the rallies that they’ve had. It’s entirely done by traders who don’t seem to know how to trade by putting things on immediately. I wish I had worked these orders, you wouldn’t see this action.”