Jim Cramer Says This Construction Giant Is 'So Good' And 'Goes Higher'

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying The Allstate Corporation 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 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. 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 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 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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