Jim Cramer's Stop Trading! Pick P&G
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Procter & Gamble (PG Quote) is going to $70, Jim Cramer said Monday on CNBC's "Stop Trading!" segment.
Cramer said the Cincinnati-based consumer goods giant, trading recently at $64.50, is a good bet to rise off Tuesday morning's earnings. He said consumer goods plays such as Coke (KO Quote) have been getting revalued by the market recently, and he expects P&G to be the next to benefit from that trend.
Cramer said he is "very reluctant" to give up on Crocs (CROX Quote) and Under Armour (UA Quote) heading into their earnings, but he cautioned that he wouldn't buy the common shares right now either. Cramer said there's too much shorting going on in both these apparel players to justify betting on short-term moves in the shares. Cramer said he likes the stocks for the longer term but said anyone looking to speculate should do so using options. ...
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