Jim Cramer Looked At These 23 Stocks Recently

8. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 102

While highlighting that consumer staple stocks are not safe anymore, Cramer noted that Philip Morris International Inc. (NYSE:PM) is the exception.

“Now, the consumer staples, long considered safety stocks, well, let’s just say they, they aren’t all that safe these days because of a host of challenges, everything from GLP-1 drugs weighing down the food business to higher prices for all sorts of commodity inputs.

But there’s a frequent winner here among the consumer staples. It’s one I won’t recommend because it’s got tobacco in it and that’s Philip Morris, the international tobacco company. It’s one of the greatest stocks of all time though.”

Philip Morris (NYSE:PM) offers cigarettes, smoke-free products like heat-not-burn, and vapor items under its brands, IQOS and ZYN. The company also provides consumer accessories and wellness and healthcare products.