Jim Cramer Says Kimberly-Clark’s Merger With Kenvue “Could Keep This Stock in Its Place”

Kimberly-Clark Corporation (NASDAQ:KMB) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer noted that he is “warming up” to the company, as he stated:

We saw Procter & Gamble rally on what a lot of people thought was a pretty bad quarter, okay? Well, Kimberly-Clark reports on Tuesday morning. I think it’s going to report a better quarter. Now, it’s also merging, though, with Kenvue in a cash and stock deal, and that could keep this stock in its place. But I have to tell you that I like, I’m warming up to Kimberly more and more after what I saw with Procter this weekend, and also with Clorox last night.

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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. Its brands include Huggies, Kotex, Depend, Kleenex, Scott, and Cottonelle. A caller sought Cramer’s advice on the stock during the January 9 episode, and the Mad Money host replied:

Okay, so I think a lot of the weakness is more involved with Kenvue, but remember, Procter, which we own for the Charitable Trust, also went down. But they’re buying Kenvue, and people don’t like that because it’s got all this, it’s got some issues. I’m not going to say liabilities, that’s too mean. I mean, it’s too negative. But I will say that I think Michael Hsu is doing a fantastic job with what the hand he’s got. It’s got a 5% yield. I think it seems very intriguing to me here at 13 times earnings.

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Disclosure: None. This article is originally published at Insider Monkey.