Jim Cramer Said Kimberly-Clark Corporation (NYSE:KMB) + Kenvue Could Take On P&G – But Is He Right?

Jim Cramer, a CNBC TV host, expressed his positive view on Kimberly-Clark Corporation (NYSE:KMB) during a morning appearance on August 6th, despite the company's shares being down by 17% over the past year and up by 9% year-to-date. The host highlighted the company's acquisition of Kenvue and its recent earnings report, which missed analyst estimates of $4.22 billion but closed 3.7% higher.

Cramer also noted that Kenvue's acquisition could potentially create a new colossus in the personal care products market, with Kimberly-Clark Corporation (NYSE:KMB) having a lower forward P/E than Procter & Gamble Company (NYSE:PG) and a more resilient business model that thrives in tough economic times. However, the hedge fund sentiment suggests that Procter & Gamble Company (NYSE:PG) holds more appeal due to its stable revenue growth, defensive market lead, and lower short interest.