Jim Cramer Says He Likes “Kimberly-Clark Because It’s Merging With Kenvue”

Kimberly-Clark Corporation (NASDAQ:KMB) was among  Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. Cramer called it an “odd one,” as he commented:

We need some staples. I’ve got an odd one. How about a stock I haven’t talked about at all? How about Kimberly-Clark? Here’s a premier Kleenex paper towel, toilet paper, diaper company, world-class set of brands, right now sells for just 13 times earnings, 5.25% safe yield. I like Kimberly-Clark because it’s merging with Kenvue, J&J’s former consumer products division, which didn’t get much love as the company was determined to move into faster growth pharma. It will be run by the terrific Michael Hsu, who has synergies galore that he can exploit. Deal closes in the second half. I’m not worried about RFK Junior’s aversion to Tylenol. To me, like the talc suits filed against J&J, the issue has become litigation noise, gives you an extra bargain.

Kimberly-Clark Corporation (NASDAQ:KMB) manufactures personal care products and provides items such as diapers, wipes, feminine and incontinence care products, and household paper goods.

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