Why did Jim Cramer call PG a safe stock?

Because it is a consumer staples company less affected by economic downturns, making it a safe haven during market corrections.

Does Cramer recommend selling tech stocks?

No, he suggests holding them while adding defensive stocks like PG to reduce risk.

Jim Cramer: Procter & Gamble Lets You Safely Own Tech Stocks

Jim Cramer praised Procter & Gamble (PG) on Mad Money, noting its role as a stabilizing force in portfolios amid the recent tech sell-off.

June 10, 2026

2 min read

Source: Insider Monkey

On yesterday's episode of Mad Money on CNBC, host Jim Cramer discussed the importance of defensive consumer staples stocks like Procter & Gamble (PG) in balancing investment portfolios, especially during the recent market sell-off.

Key Comment

Cramer stated: "Today's the day that Procter & Gamble sure plays well in the Trust. Sure, it's not doing as well, but it allows you to safely own the techs."

Context

The comments come as the market experiences sharp declines in the technology sector, pushing investors toward safe havens. PG is traditionally considered a defensive stock due to its essential consumer products, which remain in demand regardless of economic cycles.

What It Means for Investors

Cramer's remarks suggest that including defensive stocks like PG in a portfolio can mitigate risks associated with high-growth, volatile tech stocks without requiring investors to exit those positions entirely. This strategy helps investors stay invested during turbulent times.

Frequently Asked Questions

PG provides relative stability due to its essential products, allowing investors to tolerate volatility from other stocks like tech.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.