Cramer’s Morning Take: P&G 12/15/25

SPEAKER_1 (0:00)

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SPEAKER_2 (0:31)

Before the trophy and bragging rights are rightfully yours, before your sleeper turns in a season no one saw coming. Before stats and projections turn into points on the board, and your lineup falls perfectly into place. You flip the lid on a can of On Nicotine Pouches. And as you make your first pick, you know, this is the season where fantasy is going to surpass reality. It's on. Products for tobacco consumers 21 years of age or older. Warning, this product contains nicotine. Nicotine is an addictive chemical.

Jim Cramer (1:02)

Hey, it's Cramer. And this is my morning take on the market from today's CNBC Investing Club Morning Meeting. Now I have to tell you, as at Pro Mice Pieces weekend, we are in a moment where anyone who thinks there's a bubble doesn't know how to read a balance sheet and doesn't realize that the worst balance sheet, which is Oracle and OpenAI a little better, can bring down everybody. In the meantime, the money is being made in Hershey. Money is being made in Coca-Cola. The money is being made in Goldman Sachs. It's being made in Capital One. People should start, the people who decide about tech have never heard about the rest of the S&P. And it's to their own peril that they haven't.

Jeff Marks (1:43)

Yeah, we are seeing that rotation away from tech continue. You mentioned Goldman Sachs. It's now the largest position in the portfolio, partly because of some weakness in Broadcom. But healthcare is doing extremely well. Again, you mentioned Procter, just another one of these names, where Procter was at a 52 week low a week ago today.

Jim Cramer (2:04)

Procter is probably the best stock in our portfolio. It's maybe the best stock in our portfolio. It's coming with a brand new CEO, much more international oriented, not really involved, not a Cincinnati person. And I got to tell you, this thing is loaded for bear. It's going to have a weak dollar because of the president. The president wants lower rates, but it may not get them because these people seem to be somewhat independent. But Procter down 14% versus, look, I love the pro-com. Don't get me wrong. And I think the world of, I think the world of Jensen won in video. They're not right right now. And that's because everyone thinks a bubble is coming. It burst.

What are they doing? People who look at this stuff, the bubble is in Seagate still. It's in Micron. It's in Western Digital. It's in SanDisk.

SPEAKER_5 (2:49)

That's the bubble.

Jim Cramer (2:52)

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SPEAKER_5 (3:05)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC, NBC Universal, or their parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club Disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_2 (3:50)

Before the trophy and bragging rights are rightfully yours, before your sleeper turns in a season no one saw coming, before stats and projections turn into points on the board, and your lineup falls perfectly into place, you flip the lid on a can of on-nicotine pouches, and as you make your first pick, you know, this is the season where fantasies going to surpass reality. It's on. Products for tobacco consumers 21 years of age or older. Warning, this product contains nicotine. Nicotine is an addictive chemical.