15 Stocks on Jim Cramer’s Radar

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13. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 45

Discussing how Kimberly-Clark Corporation (NYSE:KMB) stock suffered despite its news of selling the majority stake in its international tissue business, Cramer said:

“Then there’s Kimberly-Clark. Today, it took decisive action to cut its exposure in one of the most difficult businesses, its global Kleenex and tissue division, by selling 51% of the business to the Brazilian supplier, Suzano, for $1.73 billion. I like this. Kimberly-Clark gets out of a cyclical business that has not great margins and its far more proprietary business, especially diapers, get to shine.

I thought it was one more attempt by the gutsy CEO, Michael Hsu, to reinvent this company as a consistent grower, much more like Procter & Gamble. I figured the stock could rally a couple of bucks from the news. It was that creative of a deal. Nah, the stock got crushed. It is down more than 2%, crazy town.”

Kimberly-Clark (NYSE:KMB) manufactures personal care and tissue products and provides items such as disposable hygiene goods, facial tissues, paper towels, and hygiene solutions for commercial use.

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