This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Stop Trading: Colgate, Clorox to Benefit in Venezuela

NEW YORK (TheStreet) -- "No one's picking up on this and it's surprising to me," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said in regards to Venezuela's plan to relax its foreign exchange system. 

On CNBC's "Cramer's Stop Trading" segment, he pointed out how many retailers operate in the country. Colgate-Palmolive (CL - Get Report) has 5% of its sales coming from Venezuela. Avon Products (AVP - Get Report) has 5%, Clorox (CLX) has 3%, Procter & Gamble (PG) has 2% and Kimberly Clark (KMB) also has 2%. 

And as these companies -- as well as many others -- have continued to warn investors of the negative effects that Venezuelan currency swings are having on their business, this reform will actually be good for them. 

This is "very significant" for these companies, Cramer said, as investors have grown tired of hearing the negative news. 

He concluded that each one of the stocks he listed are ones that investors can continue to own, with the exception of Avon, which he did not like for other reasons.

-- Written by Bret Kenwell in Petoskey, Mich.

Fusion-io Soars Following SanDisk Buyout

5 Worst Strategies for Paying Off Your Student Loans

Analyst Goes to Sweden, Returns Home Predicting Vertex CF Drug Failure

Adobe's Creative Solutions Will Catapult Shares to the Clouds

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AVP $8.17 0.12%
CL $67.86 0.27%
AAPL $128.24 -0.55%
FB $78.80 -0.24%
GOOG $540.78 0.54%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs