We're adding to a consumer staples stock in advance of a big catalyst

We're buying 85 shares of Kimberly-Clark at roughly $97 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 600 shares of KMB, increasing its weighting in the portfolio to about 1.5% from 1.25%. We are adding to our Kimberly-Clark position as the company moves closer to finalizing its acquisition of Kenvue , as Jim explained during Tuesday's Morning Meeting. The deal brings together the consumer products brands of Kimberly-Clark, such as Huggies, Kleenex, and Scott, with Kenvue's leading consumer health names like Band-Aid, Tylenol, and Neutrogena. Kimberly-Clark reached an important milestone in the path toward completion of the transaction — receiving approval from the European Commission on the condition that Kimberly-Clark divests its tampon and other feminine hygiene brands in the region. That, plus Kimberly's announcement that it received Kenvue bondholder consent to change note terms, keeps the deal on track for a close in this quarter. We are bullish on the combination because of the potential for cost savings, incremental revenue synergies, and increased scale, with Kimberly-Clark becoming the second-largest consumer health and wellness company by revenue. In the short term, we want to send a reminder that Kimberly-Clark management did give a disappointing third-quarter update on business at the Barclays Global Consumer Staples Conference last month, lowering sales and earnings expectations due to headwinds from a delayed innovation launch, inventory de-stocking in its "professional" channel, ongoing China headwinds, and impact from rising freight and logistics costs. We would not be surprised to see Kimberly also lower its full-year outlook due to the Q3 headwinds. However, this should be priced into the stock and widely anticipated, like it was for PepsiCo when it rallied last week after earnings despite lowering guidance. (Jim Cramer's Charitable Trust is long KBM. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.