There could be a buying opportunity in consumer packaged goods stocks, Jim Cramer says
1. Cramer advocates for investing in undervalued packaged goods stocks. 2. Inflation may be peaking, potentially lowering costs for consumer giants. 3. Kimberly-Clark announced a merger with Kenvue, indicating consolidation trends. 4. Cramer identifies Procter & Gamble and Clorox as potential recovery plays. 5. Expect pharmaceutical mergers, naming Johnson & Johnson and Amgen as strong picks.