The recent weakness in the U.S. dollar should provide a lift to consumer staples giant Procter & Gamble (PG), CNBC's Jim Cramer said Tuesday.
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As a result, P&G looks much better positioned to handle the foreign-exchange dynamic, Cramer said, while the commodity deflation tailwind remains intact.
"The dollar is not going to kill them, and so you buy P&G and just ride it," Cramer said.
P&G shares edged up by about 0.1% Tuesday, to roughly $152.60 each, on the back of a three-day winning streak.
Persons:
CNBC's Jim Cramer, —, Cramer, Jim Cramer's
Organizations:
U.S, Procter & Gamble, Charitable Trust, CNBC