Colgate-Palmolive (CL) “Has To Buy Somebody,” Says Jim Cramer

We recently published 11 Latest Stocks Jim Cramer Talked About. Colgate-Palmolive Company is one of the stocks Jim Cramer recently discussed.

Colgate-Palmolive Company is a personal care products firm. A major brand, it factored into the discussion as Cramer discussed how the market was rewarding AI and data center-focused stocks at the expense of others. He used Colgate-Palmolive Company as an example of a firm that traded at a premium but was now struggling to build a growth narrative. The CNBC TV host wondered whether an acquisition could inject fresh life into Colgate-Palmolive Company’s affairs:

“Here’s the best way to look at it. Let’s on the one hand, look at, a company, Nebius. You get like a CoreWeave, right. These companies didn’t exist that long ago and now suddenly they’re just flying right there look at that. now take a look at the stock of Colgate, okay. Colgate always traded at a premium, typically between 25 and 26 times earnings. Look at that. That’s because it doesn’t have much growth. So that has to buy somebody. They have to. Maybe they buy Haleon. They have to buy people to get growth.”

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This article is originally published at Insider Monkey.