Kenvue Inc. (KVUE) Has 'Good Brands,' Says Jim Cramer
Kenvue Inc. (NYSE:KVUE) is a consumer goods company whose shares are flat year-to-date. Since the start of June, its shares have lost 9.8% after its CEO warned that consumers were pulling back on spending, which could lead to slow second-quarter sales. However, July 14th turned out to be a great day for the shares as they gained 5.4% in premarket after the firm announced that its CEO would leave. Cramer's remarks were made on Friday, and he maintained that Kenvue Inc. (NYSE:KVUE) has some great brands that it can leverage for better sales:
'It's down like 20 bucks now. . .they're not doing as well as I'd like.
The CNBC host discussed Kenvue Inc. (NYSE:KVUE) in detail in March. Here's what he said:
'I am more in favor of Kenvue than I was yesterday, David. Appreciate you coming in early to do that one. But no, this is a good example.'
A pharmacist at a local store, stocking shelves with products from the consumer health company.
'Don't you think that there is a belief with adjustment that there's not a lot of urgency here. That they've kind of been taking their time at the same time this could be a tremendous consolidator of all these companies that have been spun off that really all have their own boards and the administrative stuff. You really don't want that. When you're selling into Amazon, direct-to-consumer, you're selling into clubs, that's where you sell this stuff. Now Larry Merlo, chairman of the board, he comes from CVS, but he is there. I thought that both Hofstetter and Mann, sounded like total hitters. . . And I have more respect for Jeff Smith than, I mean Jeff Smith will come on the board with a real plan. And I think if they don't go with the plan, I think that there could be a change . . .'
While we acknowledge the potential of KVUE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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