Cramer's 'Stop Trading!': Procter & Gamble

Citi's Procter upgrade was "classic," says Jim Cramer.
Author:
Publish date:

Citi Investment Research's upgrade of Procter & Gamble (PG) - Get Report "is just classic," said Jim Cramer on CNBC's "Stop Trading!" segment on Friday. "It's the kind of thing you do right now when you say, 'Will you give me something to recommend?'" He said that the call "had the least substance and the most impact that I've come across."

Cramer said that basically Procter has finally admitted that it's been doing badly. "They're finally admitting it wasn't a great quarter and that

Unilever

(UL) - Get Report

(UN) - Get Report

and

Colgate

(CL) - Get Report

were pantsing them."

With eight IPOs scheduled for next week, the most, noted "Stop Trading!" host Erin Burnett, since December 2007, Cramer turned his attention to

Select Medical

, which will trade under the ticker symbol SLC on the

NYSE

. "I want to be in that," said Cramer. "The hospital sector's been red-hot."

A123

will trade on the

Nasdaq

under the symbol AONE. Cramer said he wanted to tread carefully with this one "because it feels like ethanol to me, and everyone went nuts on those ethanol stocks, and it turned out to be that they just took advantage and timed the market perfectly." He said he expects the same thing to happen with battery stocks such as A123.

At the time of publication, Cramer was long Procter & Gamble.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.