CNBC Investing Club: Cramer’s Morning Take on Kimberly-Clark 10/9/26

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0:39and global economic news, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and And subscribe at schwab.com slash market update podcast or find Schwab Market Update wherever you get your podcasts. Jim Cramer here to share a short preview of my take on the market from today's members only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit CNBC.com slash morning take to sign up today. That's one word, morning take. Yesterday, we did some trades. Okay, we bought 50 shares with Kimberly-Clark.

1:22Now, Kimberly-Clark is a very out-of-favor stock with a five-and-change yield. It's not going to do well if the 10-year goes to six. However, we're buying Kimberly because it's going to merge probably within the next two months with Kenview. And then so you have a whole new company that's going to dominate in the soft goods. It's going to be the new proctor. It's what people are going to want. And, oh, it's up nicely from where we bought it. Well, that's good. We bought some FedEx. And we bought FedEx because the stock's been going down because of oil and gas. But people have to recognize that they have a pass-through.

1:51They're one of the few companies that are so powerful that they can say, this is FedEx freight. This is not the stock that I want. That FedEx FTX is absolutely so powerful that it's going up only against UPS. And what you're going to see is that we're going to see a Christmas that's going to be very good for FedEx versus UPS. I think FedEx is going to pass UPS for the first time. So I wanted to buy some here, and then I'll buy some here if it goes down. It's$2.60. And at$2.60, I use a pyramid style. I will buy some here, as you see, and I bought 20 shares. And then if it goes down to here, I'll probably buy another 20.

2:27And if it gets to the pyramid, which would probably be around this area, I'll probably buy another 50 to make this position really big. That's what I like to do. When things go down, I like it very much to be able to buy a better price. And then we bought Bank of New York, which we bought candidly too early, ahead of what I regard as the bank tsunami of selling. And that's all right. I mean, sometimes you can do that. It's a very small position. I am going to build it up because they have no credit exposure. That's what I was looking for. I don't want credit exposure with a bank right now at this point in the cycle.

2:57I did not get to buy Boeing. Now, that was bad. I chose to hold off on Boeing because I saw that oil was going up. Boeing has very much correlated with oil. and Boeing is very much correlated with the results of different airlines. Delta had a number that stupidly is being regarded as being not that great. In reality, what you saw was demand was very strong right through the period. I would not have thought that demand would be strong with the rising fares. They have to be able to raise fares again to be able to keep up with oil and gas. They will do that, but I'm very glad. Look, I wanted to buy it at$188.

3:33I may be penny-wise, pound-foolish, but obviously the stock has had a big breakdown, and a lot of people have gotten out of it believing that as long as oil is this high, you don't want Boeing. Of course, it's the opposite. You want planes that don't use a lot of fuel. All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer.

4:06The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com forward slash investing club disclaimer. Introducing Fidelity Trader Plus, the next generation of advanced trading from Fidelity. Customize your tools and charts and access them seamlessly across desktop, web, and mobile. For faster trades anywhere you go, try the all-new Fidelity Trader Plus. Learn more about our most powerful trading platform yet at fidelity.com slash trader plus.

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