Jim Cramer Discusses These 13 Stocks & Rejects The AI PC Super Cycle

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 largest consumer goods companies in the world. A slowdown in consumer spending driven by inflation has translated into modest share price performance for the firm as The Procter & Gamble Company (NYSE:PG)’s stock has gained just 5% over the past year. The firm has also struggled to compete with lower-cost products in China. However, The Procter & Gamble Company (NYSE:PG) has responded to these trends by expanding its presence in budget US markets by partnering with retailers such as Dollar Tree and Costco. Here is what Cramer said:

“If you don’t sell things in this country, you lower the price. Now Proctor had such superior products they didn’t have to. Proctor had a terrific, it was a really good good conference call.”

“And I, Proctor did say private label not that powerful [inaudible] that they have the best. But that was an outlier. That and United Airlines was an outlier.”