NEW YORK (TheStreet) -- When trading begins Thursday Jim Cramer will be focusing on two companies he calls his "tale of two cities," Procter & Gamble (PG) - Get Report and Mondelez (MDLZ) - Get Report.
By that he means "stocks that go down ahead of the quarter and do nothing [and] have tended to not do well" compared to "stocks that are up and steady... I think will do well and will continue to power higher."
Tuesday, P&G confirmed David Taylor will take over as CEO of the Cincinnati-headquartered consumer goods company. Taylor is a veteran at the company and was the leader of the beauty, grooming and health care businesses, which account for nearly half of the company's total annual sales. He takes over Nov. 1 when current CEO A.G. Lafley steps down, although Lafley will remain as chairman.
Cramer said P&G stock "has come down a great deal and I like the yield." But while the drop is roughly 11% since the beginning of the year, Mondelez' stock, by contrast, has gone up close to 19% during the same period time, making it more of a "steady Eddie" stock. These are stocks that have been consistently pushing higher over a period of time and not "jumping up into the face of a move" like a new CEO.
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 its earnings release, Proctor & Gamble shares have fallen roughly 2% since the market open last Monday.
Cramer thinks Mondelez is "one of the performers that I think you can own." While he "likes Mondelez," he wants "to hear what Proctor has to say."
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.