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The Procter & Gamble Company (NYSE:PG) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. Cramer showed confusion regarding adding more of the stock to the Charitable Trust’s portfolio, as he commented:

Back in 1999, we had some stocks of companies that would report upside surprises and quickly give up much of their post-earnings gains. Oh, there’s something we’re starting to see. Right now, I’m looking at PepsiCo and Procter & Gamble. They just gave up the ghost in a similar fashion in 1999. We own Procter for the Charitable Trust, and I’m so tempted to buy more, but there’s really no reason to believe the stock can start rebounding anytime soon, given the current environment. I’m not oblivious.

Stock market data. Photo by Jakub Zerdzicki on Pexels

The Procter & Gamble Company (NYSE:PG) provides branded consumer goods across beauty, grooming, health care, home care, and family care. The company sells its products through renowned names such as Tide, Pampers, Gillette, Crest, Olay, and Febreze. Cramer mentioned the stock during the April 17 episode, ahead of its earnings. The Mad Money host remarked:

Finally, on Friday, we hear from Procter & Gamble’s new CEO, and I think the quarter’s going to be weak. The last couple of quarters were not so hot. It’s too soon for a turnaround, too soon. But I like the stock very much as a hedge on a slowdown. It’s as cheap as I’ve seen it in years, which is why we own it for the Trust.

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