Jim Cramer's Wall Street Confidential, 11/1/07 Coke and Altria are Addictive Winners

Recap of Jim Cramer’s comments on Wall Street Confidential, Thursday November 1. Click on a stock ticker for more analysis:

Altria (MO), Coke (K), Procter & Gamble (PG), Colgate Palmolive (CL), Kellogg (K)

Cramer called MO and K "indestructible stocks," because their products are always desired and they have little exposure to volatile commodities. While commodity prices for Coke have peaked, the price of plastics and chemicals hurt PG. Concerning the PG, Cramer said, "The stock's not going to go down a lot because they're buying back a lot of stock and they're going to do a lot of things right. It's just that I'm used to Procter really moving up after a quarter and now there have been a couple of quarters where they didn't." Kellogg suffered similar problems because of high grain prices. Cramer currently prefers CL because of its exposure to Latin America. Cramer is more enthusiastic about Coke than about its competitor Pepsi, because the latter's Frito Lay division has been problematic. He thinks Pepsi is "a little better than Procter, but not as good as Coke."

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