Stop Trading: Jim Cramer Prefers PG To CL, UL

In his Stop Trading! segment on CNBC, Jim Cramer said that investors right now are actually concerned about only Research In Motion (NASDAQ: RIMM), AT&T (NYSE: T) vs. Verizon (NYSE: VZ) and the GM IPO.

Cramer believes that the war between VZ and T will not end until Verizon gets its hands on the iPhone. Although investors care about RIMM, Cramer continues to believe that the stock is not a good investment.

When asked about the impending IPO of GM, Cramer mentioned that there is still a chance for President Obama to ensure that everyone benefits from the plan, instead of just executives, investment bankers and "fat-cat clients." He added, "This is a major opportunity for the president and I sure hope he doesn't blow it."

Cramer said that he preferred P&G (NYSE: PG), even though the company has reported a quarterly miss. He mentioned that the stock seems better than Unilever (NYSE: UL) and Colgate (NYSE: CL) as of now.

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