Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying The Allstate Corporation (NYSE: ALL), which recently posted upbeat results for its fourth quarter.
Cramer's advice comes as Allstate — one of the largest insurance companies in the country — decided to stop offering new policies in California, which has been battered by wildfires in recent years.
Kimberly-Clark Corporation (NYSE: KMB) didn’t report great quarterly numbers, Cramer said. "I think the company is in the midst of a turn, but it’s not going as quickly as I’d like."
Kimberly-Clark said fourth-quarter sales remained flat year-over-year at $4.97 billion, missing the consensus estimate of $4.98 billion.
When asked about PayPal Holdings, Inc. (NASDAQ: PYPL), Cramer said, "You should be worried."
PayPal reported upbeat earnings and sales results for its fourth quarter. However, the company said it expects full-year 2024 adjusted earnings to be in line with full-year 2023 earnings of $5.10 per share.
Lennar Corporation (NYSE: LEN) is "so good," Cramer said. "Lennar goes higher."
Lennar’s board recently increased its annual dividend to $2.00 from $1.50 per share. The move will result in a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock. The dividend is payable on Feb. 7, 2024, to holders of record at the close of business on Jan. 24, 2024.
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When asked about Hawkins (NASDAQ: HWKN), he said, "I think the stock is a buy."
Hawkins recently reported worse-than-expected third-quarter revenue results.
Price Action:
- Shares of Lennar fell 0.2% to close at $153.02 on Friday.
- Hawkins shares rose 2.7% to $63.07 on Friday.
- PayPal shares rose 5% to settle at $58.91 during Friday’s session.
- Shares of Kimberly-Clark fell 0.4% to close at $119.81 on Friday.
- Allstate shares fell 1.1% to settle at $160.03 on Friday.
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