Jim Cramer will be watching two companies on Thursday, July 29th: Procter & Gamble (PG) and Mondelez (MDLZ). Procter & Gamble confirmed on Tuesday, July 28th that David Taylor will take over as CEO of the Cincinnati-headquartered consumer goods company. Cramer says ‘the stock has come down a great deal and I like the yield.’ But while shares of Procter & Gamble have come down roughly 11% since the beginning of the year, Mondelez’s stock has gone up close to 19% during the same period time. ‘What I’m looking for here is this tale of two cities,’ Cramer said. ‘Stocks that go down ahead of the quarter and do nothing have tended to not do well’ while ‘stocks that are up and steady… I think will do well and will continue to power higher.’ Cramer does postulate that he is talking about ‘steady Eddy’ stocks that have been consistently pushing higher over a period of time and not stocks that are ‘jumping up into the face of a move.’ Mondelez is one of these ‘stead Eddy’s’ given that since mid-March shares of the snack food company have cautiously crept up 24% without any large peaks or troughs on its prices. Coming into the earnings release, Proctor & Gamble shares have fallen roughly 2% since the market open last Monday. Cramer adds that he mentioned on his CNBC show, ‘Mad Money’ that Mondelez is ‘one of the performers that I think you can own.’ Cramer finishes by saying that he ‘likes Mondelez’ but that he wants ‘to hear what Procter has to say.’
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