Kimberly Clark reports a nice earnings beat

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Look at the chart of Kimberly Clark ( KMB , quote ) who reported a nice beat this morning. This is a classic example of what has happened to the stock prices of any multi-national who has exposure to the emerging market consumers. Those companies in consumer staples, food, and some discretionary items are riding high and getting a higher multiple (KMB 17x'e14).

I said on Fast Money last night regarding Pepsi, that despite its lofty valuation I thought it could trade at a premium because of their superior emerging market commitment to drinks and snacks.

KMB this morning boosts forecast range for the year.  That's a lot of toilet paper.

The hype of the emerging market consumers is real.  Don't be afraid to pay up for these stocks, but clearly any misses here will be hit hard. North America is still 49% of sales and "tissue trends" (hah) are weaker in some segments.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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