Jim and Jeff discuss the strength in 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
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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 ssha.com for a prospectus containing this another information really carefully before investing spies subject to risks similar to those of stocks only TS are subject to risk including possible loss of principle distributing distribution Jim Kramer here to share with you a sample of my take on the market from today's c_m_c_ investing club morning meeting I've got to tell you I said this to Carl and David this morning Jeff it's a quiet incredible bull market because it's so diverse this is not a bull market led by an amazon by an alphabet although they're doing well yeah we're getting a market that across the board it's been good I don't want to rain on the parade but we're finally so over bought that you can't buy yeah no the oscillator really perked up yesterday 6.6% jumping from you know it was around like low fours earlier in the week so I think that's always uh you know put a caution flag out there at least for us we'll look to trim of course that's just our discipline it's the same discipline when the oscillator is minus 6.6 that gives us confidence to buy there's we've seen a great rally in may when you sell here it's gut wrenching as it is to buy yeah when it's minus five where you just feel like I'm just throwing money away but we have a discipline and we stick by our discipline because discipline trumps conviction so we will be peeling off some stuff yeah I think we're thinking about Proctor it's had a great run it's a blood blood 12 13% year to date see this is what you do just everybody yeah we buy some here we're not traders people are concerned about the beauty market it's you know it's only a small part of that we knew that it's it's grooming we knew that there's a lot of different products that really matter I mean like you know it's a really big part of the power station a lot of hair care and so when you get one division that looks like it's weaker it one of the reasons great about Proctor is a diversified portfolio of consumer packaged goods brands so yeah and this is when you sell some yeah and people are falling all over these types of stocks slow down stocks because there are you know maybe there's some cracks forming in the consumer you did have a sentiment number University of Michigan much weaker than expected so you are seeing some slowdown plays catch a little bit of a bit here whether it's the staples utilities as what you've been highlighting as well more recently so you know that's selling to strength yeah I'm all with that take some gains there were people who came to a mezcal signing the plus for all for me and my wife last year and everyone I said listen you do in video and you do Proctor and those are the yin and the young it's a good balance a barbell so to speak right something with something really high growth with a dividend play you know to be stable by the way just you know we know Abbott has a July court suit and everyone's freaking out we've done a lot of work this is not J&J but that is the one that will be the next Proctor perhaps after the lawsuit after whatever happens because the lawsuit is being brought in Missouri which is an anti-defendant which is why I think happens going down but that will be the next after they clear up that lawsuit issue join the CBC investing club with Jim Kramer catch my member exclusive warning meetings every day at 10 20 a.m. visit cnbc.com/morningtake 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 alliance upon or other use of the content from Kramer the opinions offered in connection with this podcast and 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.com/investing club disclaimer you seek the key but first you must learn the ways of precision craft and performance with Acura's all-electric ZDX with a premium bang and olives and sound system up to a 313 mile range and a type S variant with an estimated 500 horsepower the ZDX is their most powerful SUV yet unlock the energy when you visit Acura.com to order yours today
