Jim Cramer Says "Clorox is at the Heart of This Market's Conundrum"

The Clorox Company (NYSE:CLX) is one of the stocks Jim Cramer had in this week’s game plan. Cramer noted the stock’s decline during the year and commented:

“Now, we also hear from Clorox, quite different from Palantir, with a stock that is down more than 30% for the year. Clorox is at the heart of this market’s conundrum. In the old days, when we had worries about the economy, everybody bought the consumer packaged goods stocks. Now, perhaps because of inflation, people just won’t pay up for the name brands. Let’s see what CEO Linda Rendle has to say.”

The Clorox Company (NYSE:CLX) manufactures consumer and professional products, including cleaning supplies, cat litter, food, personal care, and water-filtration products. Some of its brands include Clorox, Glad, Brita, Burt’s Bees, Kingsford, and Hidden Valley. Cramer mentioned the company during the May 2 episode and remarked:

“Now, Clorox reports too. This is the kind of recession-proof stock that was going up when the rest of the market was getting hammered. But now that the market’s bouncing back, they’ve all folded with the exception of Coca-Cola and Mondelez. Use Clorox as a gauge to see if this new bull market phase remains on.”

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