Jim Cramer Discusses These 18 Stocks & President Trump’s $500 Billion AI Plan

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

Number of Hedge Fund Holders In Q3 2024: 68

The Procter & Gamble Company (NYSE:PG) is a global consumer goods giant. Its shares have gained a modest 7% over the past year as the hit to consumer spending from inflation has dented the firm’s revenue and profitability. The Procter & Gamble Company (NYSE:PG) has also suffered from an economic slowdown in China which has pushed price-conscious buyers to alternative brands. In the US, the firm is busy targeting all strata of consumer spending by pushing products in Costco, Dollar Tree, and other retail outlets. Cramer’s comments about The Procter & Gamble Company (NYSE:PG) covered the firm’s latest earnings report:

“[PG organic growth] Yeah I saw China was a little bit better. That was interesting. China’s hurt them a last couple of times. I think this is by comparison. The numbers are not gigantic. But they are better than we thought.

“I think Procter had a good quarter, not a great quarter.”

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