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We recently published a list of Jim Cramer’s Latest Stock Moves: Top 10 Calls. In this article, we are going to take a look at where Colgate-Palmolive Co (NYSE:CL) stands against other stocks that Jim Cramer discusses.
Jim Cramer in a recent program on CNBC expressed his frustration over the recent market selloff following tariff uncertainties. Cramer said non-US markets are performing well and had something to say to President Donald Trump.
“Remember, this whole situation is manufactured by the Walmart White House because almost every other market around the globe is crushing ours. They’re all doing better than we are. I don’t know who’s advising the president. I know what he is doing is important work, and I am no free trader. I am not even a fair trader. I’m a tariff guy. But I think you can kill more flies with honey right now, and certainly more than nuclear weapons.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks Cramer recently discussed during his program on CNBC. With each company we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
An array of toothpaste, toothbrushes, and mouthwashes on a bright background, highlighting the company's oral care products.
Colgate-Palmolive Co (NYSE:CL)
Number of Hedge Funds Investors: 54
Jim Cramer in a latest program on CNBC said Colgate-Palmolive Co (NYSE:CL) stock could decline as it’s “not performing well.”
“These two companies, SJM and Colgate, are not performing well, having had suboptimal results. For the market to bottom, J&J needs to return to the 160 level, Smucker to the 110 level, and Colgate to the 92 level, where their ascents began. These companies are not performing well enough to justify their rallies, which have been driven by traders who seem to execute trades without proper strategy. Had the orders been managed differently, this action would not have occurred.”