Click to Enlarge YTD Return: +22%
By all accounts, things couldn’t be much better for Kimberly-Clark (NYSE:KMB), the tissue and toilet paper company behind brand names like Kleenex and Cottonelle. The country’s ongoing dance between cold weather and warm weather has kept flu season going strong far longer than it usually lingers, and Kimberly-Clark upped its full-year outlook when it posted Q1’s earnings beat a few days ago. Even Jim Cramer made a point of calling the stock a winner.
This is an “as good as it gets” scenario … which is the problem.
What’s left to spur a stock that has gained 10% in a month and plowed into new all-time highs like it was wading into the kiddie pool? That’s just it — there’s nothing left that could really prod news-driven traders into another big round of buying. The would-be sellers are now the majority here, and that’s a dangerous situation.
In fact (and ironically), the fact that Jim Cramer is finally talking about Kimberly-Clark might be the proverbial kiss of death; the world’s most prolific pundit has a knack for pointing out stocks right around the time they top out.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.