Jim Cramer on Procter & Gamble’s Earnings: “I Don’t Expect Any Fireworks or Anything”

"Procter & Gamble reports connected Thursday. Now perceive to me. I don’t expect immoderate fireworks oregon thing truly bully retired of the institution that’s had to pre-announce a fig of antagonistic factors up of the quarter. So wherefore the heck bash we ain Procter for the Charitable Trust? Because it has a caller CEO, due to the fact that everyone knows the brands are tremendous. Most of all, due to the fact that the stock’s down truthful overmuch that I cognize it tin bounce, particularly with that adjacent 3% yield."

A banal marketplace graph. Photo by energepic.com

The Procter & Gamble Company (NYSE:PG) provides branded user goods crossed beauty, grooming, wellness care, location care, and household care. The institution sells its products done renowned names specified arsenic Tide, Pampers, Gillette, Crest, Olay, and Febreze. Cramer mentioned the institution during the January 14 occurrence and said:

"So let’s speech astir Procter & Gamble and past let’s speech astir a pharma company, J&J. Now, present are 2 companies that person products that you buy, nary substance what. You request toothpaste and medicine careless of however the economy’s doing… Procter’s a antithetic kettle of fish. They person already told america that concern isn’t that hot, and they person tons of problems, truthful beryllium prepared for, it’s the worst due to the fact that they’ve told you the worst is coming. It mightiness transcend that. Yet its banal went up large today. That’s due to the fact that adjacent if it’s bad, Procter & Gamble’s inactive going to bash good versus the cyclical stocks, which are going to get crushed. When you spot this 1 rally connected atrocious numbers, it’s a existent archer that things could spell south. We bought Procter for the Charitable Trust, wholly conscionable arsenic a hedge, hoping that we don’t get a weaker economy. On a time similar today, it’s coming successful precise handy. Maybe you should person a hedge too."

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