A day after consumer products giant Procter & Gamble earnings and revenue beat analyst expectations, CNBC's Jim Cramer thinks the company is "poised to be the best stock in the Dow."
Cramer was a vocal critic of CEO Robert McDonald in 2012, but on CNBC's "Squawk on the Street" Friday, Cramer admitted that he's now a "huge believer" in the wake of a "fabulous conference call" after the company "handily" beat earnings expectations.
Speaking of P&G's stock, Cramer said that "this thing can go meaningfully higher. McDonald has answered his critics. I like this guy, he means business."