Cramer: Defensive Stocks Are The New Good Banks (PEP, KO, PG, CL)

March 17, 2008 by Douglas A. McIntyre

On tonight’s MAD MONEY on CNBC, Jim Cramer noted that he wanted to look for the new banks.  Even thougfh these aren’t really banks, they are the defensive stocks that are still printing money and have cash to keep retiring stock.  In fact, these defensive stocks are some of the same ones we have noted over and over that investors are seeking.  His four picks tonight were as follows:

  • Pepsico, Inc. (NYSE: PEP) closed up 1% at $69.15 (52-week high $79.79);
  • Coca-Cola Co. (NYSE: KO) closed up 0.3% at $57.69 (52-week high $65.59);
  • Procter & Gamble Co. (NYSE: PG) closed up 0.45% at $67.05 (52-week high $75.18);
  • Colgate-Polmolive Co. (NYSE: CL) closed up 0.5% at $76.66 (52-week high $81.98).

These are among the top defensive stocks on our defensive index, and all four of these closed higher today.

Jon C. Ogg
March 17, 2008

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Posted in Media | No Comments »