Stock market today with Jim Cramer: buy Ford

Shares are rising with Joe Biden taking over as 46th US president on Wednesday. Here are the best stocks to buy for Biden’s presidency.

TheStreet’s Katherine Ross and Jim Cramer discussed the latest stock market news. Cramer talked about Ford, Procter & Gamble’s profits and executive orders to be announced soon by President Biden.

Ford: buy or sell?

Ford’s shares rose on Wednesday after Deutsche Bank added the automaker to its short-term purchase list.

Investment firm analyst Emmanuel Rosner made the decision as he expects government spending on infrastructure and vehicle electrification to rise under Joe Biden’s new administration.

Cramer said the automotive sector, which is part of remote work, will be the key to keeping an eye on the first 100 days of the Biden government. “People don’t understand that we are in a hybrid society now because we are experiencing the idea of not going to the office and we don’t want to go back. So people who have jobs and move around may be a thing of the past, especially with a president who is anti-fossil fuel. Remote work is Ford and GM. I prefer Ford and it has been a remarkable winner. Because of Jim Farley he is driving Ford. “

Procter & Gamble: buy or sell?

Consumer goods (PG) – Get report The giant reported earnings that exceeded Wall Street estimates on Wednesday and boosted its outlook for the fiscal year as increased demand for household cleaning and healthcare products increased revenue by 8%.

Cramer said you have to be careful with P&G because they didn’t have a robust conference call. When you have a stock like P&G and it has gone up so much, you need to be very careful. The drop in US consumption from December to January is really hurting this stock. Don’t touch that today. “

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