We recently published 16 Latest Stocks on Jim Cramer’s Radar. Kimberly-Clark Corporation (NASDAQ:KMB) is one of the stocks Jim Cramer's radar.
After Kimberly-Clark Corporation (NASDAQ:KMB) announced its mega $48.7 billion acquisition of Kenvue, Jim Cramer hasn’t been able to help himself when discussing the firm. While the shares appeared to react negatively to the news, the CNBC TV host is optimistic. He believes that Kimberly-Clark Corporation (NASDAQ:KMB) and Kenvue fill out each other’s weaknesses, and the firm’s CEO, Mike Hsu, might even be able to take on consumer goods giant Procter & Gamble. In this appearance, he discussed the firm after co-host Carl Quintanilla mentioned consumer goods stocks and stressed that Kimberly-Clark Corporation (NASDAQ:KMB)’s acquisition offer makes it so that investors win no matter what the outcome:
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“Well look, I mean, those are, if you want to do those, then I had my conference call yesterday with club members, I said you got to look at the drug stocks that have good yields. You could look at Clorox, and you could certainly look at Kimberly. I think Mike Hsu, you win if they get Kenvue. You win if they don’t get Kenvue. How do you not wanna go for that? They have a great situation.”
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Disclosure: None. This article is originally published at Insider Monkey.