Jim Cramer says buy the dip in shares of this quality company of household brand names

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. U.S. stocks edged higher Wednesday as Wall Street attempted to shake off its lackluster start to the second quarter. Markets digested better-than-expected labor data from payrolls processing firm, ADP, which revealed a strong hiring pickup for March.

Barclays upgraded the stock Tuesday. Procter & Gamble on Wednesday tumbled more than 2.5% on signs of industrywide weakness in cosmetics. Concerns were sparked by negative remarks from Ulta Beauty at a JPMorgan retail conference. Shares of Ulta were getting crushed, down more than 13% on the session. While that weakness was rubbing off on peers, Jim sees the dip in P & G as an opportunity. "Procter is a buy here," he said.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer’s guide to investing: How did Cramer become interested in the market?CNBC's Jim Cramer explains what drew him to the stock market as a kid.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer’s guide to investing: How to start picking individual stocksCNBC's Jim Cramer advised beginner investors on how to successfully begin picking individual stocks.
Source: CNBC - 🏆 12. / 72 Read more »

Move over Nike — Jim Cramer says Deckers and 3 others companies are 'taking share'On Monday, CNBC's Jim Cramer said he agrees with analysts who believe brands such as Hoka and On Holding are challenging Nike's position in the shoe market.
Source: CNBC - 🏆 12. / 72 Read more »