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Squawk on the Street

Cramer's Morning Take: P&G 4/19/24

Jim and Jeff give an earnings analysis on this consumer staple stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer

Duration:
5m
Broadcast on:
19 Apr 2024
Audio Format:
mp3

Jim and Jeff give an earnings analysis on this consumer staple stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake  

CNBC Investing Club Disclaimer

electricity a big idea that's inspired countless new ones from powering the light bulb to virtually powering our entire lives 30 years ago State Street launched the spider S&P 500 ETF spy a big idea that inspired the world to invest differently and still does what can you do with spy before investing consider the funds investment objectives risks charges and expenses visit scea.com for a prospectus containing this another information really carefully before investing spies subject to risks similar to those of stocks all ETFs are subject to risk including possible loss of principal outstustributors in distributor Jim Kramer here to share with you a sample of my take on the market from today's CBC investing club morning meeting I talked yesterday about a whoosh you have to have a loose and I thought it 10 it for 10 last night we were gonna get it because the S&P was down ridiculous point of and we didn't and so until we get the whoosh we're gonna get keeping you know get the open up opening everybody gets insanely boost now you can be up excited about individual stocks that have been hammer but this essence of thinking that we've followed has been at the heart of why we had more sweet this year what's the psychology behind that right why buy into that ugly open versus an up open which can be as we've seen more dangerous to the ball yeah well we have a lot of people came into this October it's always the case and they think wow I can go buy a stock because things aren't as bad as I thought things well that's uninformed trading and I'm looking for informed investing I can buy proctor and gamble because it's a dividend aristocrat where the costs have gone down but they didn't have to cut their price so I mean we saw that same thing with General Mills we saw it with Coniger and so what I say is oh there's something I can buy even though it is flat for the week right so let's pull a proctor again down one percent today off it even though it was a nice earnings beat those sales miss pointed out proctor was up Monday Tuesday Wednesday Thursday made more of this defensive trade as the market was falling so maybe it's just a little bit of a give back he's given that today but the quarter was solid I thought yeah the call was upbeat talking about volumes flat that's an improvement from down one last quarter so sequential progress and really they're doing it without the help of anything from China China of course their skincare brand SK 2 still be hurt by some boycotts in Japan but if you back that out China sales were down 3% that's an improvement from down 10 the quarter before commodity cost still a tailwind to earnings this year the dollar less of a headwind strong or FX I should say and that's because of the the actions they took in Argentina management not seeing trade down core margins up 310 basis points operating margins up 90s such great number the volume trends in the right direction which is encouraging for a larger feathers it's encouraging because companies can no longer rely on pushing through higher prices on the consumer they are seeing some pushback now so it's the volume stories PG constellation brands those are the ones that should separate from the path absolutely join the CBC investing club with Jim Kramer catch my member exclusive morning meetings every day at 10 20 a.m. visit CNBC dot com slash morning take to become a member today that's one word morning take all opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC NBC Universal or their parent company or affiliates and may have been previously disseminated by Kramer on television radio internet or another medium no specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer the opinions offered in connection with this podcast in the CNBC investing club are not an attempt to induce any particular trading behavior investment or strategy you should be aware of the risk of loss and following any strategy or investment discussed in the content from Kramer to view the full CNBC investing club disclaimer please visit CNBC dot com forward slash investing club disclaimer the spirit of performance defines Accura and now it's electric introducing the all-electric zdx accuracy most powerful SUV yet while what powers their cars may change the energy that makes Accura never will crafted using the same formula that brought them electrified super cars and multiple emphasis championships the zdx has tracked tested performance that packs an energy all its own with a premium bang and olives and sound system and up to 313 mile range on a single charge and a type S variant with an estimated 500 horsepower the zdx is everything they said electric could never be it was built with the driver in mind just like Acura has been doing since the beginning we could talk all day but the 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