Shares of Procter and Gamble (PG), the maker of everything from Tide to Pringles jumped over the last three months, ahead of earnings Tuesday. Also, we get Clorox (CLX) on Wednesday. Should you trade your kitchen cabinet?
Jeff Macke likes PG over Clorox, because he feels PG will benefit from the weak dollar and he feels they are an incredibly well run company.
Guy Adami agrees.
Karen Finerman adds that PG trades at a lower P/E multiple and she sees it as a defensive play if the United States economy takes a turn for the worse.
Pete Najarian thinks Colgate (CL) has more upside that Procter & Gamble.
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Trader disclosure: On Oct 29, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (INTC), (SWY), (EMC); Najarian Owns (UA) And (UA) Options; Najarian Owns (BHI) Options, (DISH) Options, (GOOG) Options, (HAL) Options, (MER) Options,(SNDK) Options, (YHOO) Options; Finerman's Firm Owns (MSFT), (TWX), (YHOO), (NMX), (NYX); Finerman's Firm Owns (NVT) And (NVT) Options; Finerman's Firm And Finerman Own (C), (BEAS); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (BIIB) Options; Finerman's Firm And Finerman Own (GS), (KFT); Finerman's Firm Is Short (MER) And Owns (MER) Puts