Kimberly-Clark Corporation (NASDAQ:KMB), recently under scrutiny by Jim Cramer, plans to acquire Kenvue. Cramer believes the acquisition may signal undervalued winners in their categories due to potential peak inflation lowering costs. Despite market skittishness, the science behind Kenvue’s brands complements Kimberly-Clark’s offerings.
Kimberly-Clark Corporation (NASDAQ:KMB) produces personal care, tissue, and hygiene products. Cramer praised the company’s earnings, with Kimberly-Clark reporting $1.82 per share, surpassing expectations of $1.76. Despite a initial 3% increase in stock value following the report, the stock has since declined due to the Kenvue acquisition.
Read more at Yahoo Finance: Jim Cramer Says Kenvue’s Brands “Complement Kimberly-Clark Perfectly”
