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Wednesday, May 02, 2007

Jim Cramer's Wall Street Confidential May 2st

Procter & Gamble (NYSE: PG), Avon (NYSE: AVP), Unilever (NYSE: UN), Colgate-Palmolive (NYSE: CL), Coca-Cola (NYSE: KO), General Mills (NYSE: GIS), Kellogg (NYSE: K)
Cramer is perplexed by PG's performance; "This should have been their quarter," he said. He is now questioning the company's Gillette acquisition, its buybacks and product lines. On the other hand, AVP, UN, CL, KO, GIS and K all reported strong quarters while PG has businesses in every one of those sectors. Cramer discussed how AVP CEO Andrea Jung finally pulled it together and AVP moved from $34 to $38 and $39. Cramer feels there is still room for AVP to run, especially as investors start selling PG.

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