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Clorox Company (CLX-N)
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75 watching
NYSE:CLX
168.05
0.09
(0.05%) 1d
Financials
Technical Analysis
Nov 20, 2024, 9:00 pm
0
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DON'T BUY
$155.340
No
BUY
It had a mediocre quarter, but shares didn't decline. This means CLX is closer to a bottom, so you should be owning this.
misc consumer products
WATCH
Nvidia is trading at the same forward PE as Clorox. It's worth looking at these quality growth names with real earnings and cash flows, because inflation will peak and the market will re-rate what the Fed will do. Investors will position themselves in such names in the second half of this year.
misc consumer products
BUY
They reported a mixed quarter on Monday. Rampant cost inflation is eating alive consumer product companies which should be thriving at this stage of the cycle. Clorox has been an awful performer and many have been shorting this. They reported declining gross margins and they shaved 20 cents off their full-year earnings forecast, but they were better than expected in the previous quarter. CLorox reported a 39-cent earnings beat and announced another round of price increases for July which should help margin compression. The stock has recovered from Monday's losses and then some. The company has room to run, especially if the Fed can kill inflation.
misc consumer products
COMMENT
They report Monday. They've had some awful quarters, so they only need to report a decent quarter to push prices rise. They need to do something with their supplements business, which is lousy.
misc consumer products
PAST TOP PICK
(A Top Pick Mar 08/21, Down 26%) Doesn't own stock anymore even though has recommended it to investors.
Simple and straight forward product that everyone uses.
Could not justify investment.
misc consumer products
COMMENT
It reports Monday. They may not pass their rising costs onto consumers. Maybe. He hopes for a good report, but is bracing himself for a bad one.
misc consumer products
WAIT
Wait for the next quarterly report. It pays a divided of 2.9%, so wait till it yields 3.3% or 3.4%. The whole industry can't find any footing.
misc consumer products
HOLD
It's in no man's land. It yields 2.66%. It's down 13% for the year. A great company. Hold it till that yield hits 3%, then buy it.
misc consumer products
COMMENT
A big winner last year for obvious reasons, nut it's been selling off the past 9 months as the reopening approaches and as the company faces tough comps. Today, they delivered a mixed quarter of a topline miss and bottom line beat, and management adjusted down their full-year earnings forecast. It's $5 from its 52-week low. Has this fully de-risked? Does it face rising costs?
misc consumer products
DON'T BUY
Wall Street is circumspect about it, considering it a stay at home stock. As a battleground stocks now, avoid.
misc consumer products
TOP PICK
It has been around since 1913. They ran higher as the pandemic was getting under swing. They sold off because the spike in demand will decline as the pandemic goes away. He is not convinced demand will decline. People are more mindful now of germs and washing their hands. Most of their sales come from brands that are number 1 or 2. They have little or no debt. (Analysts’ price target is $213.47)
misc consumer products
TOP PICK
Stockchase Research Editor: Michael O'Reilly CLX rose to to the forefront at the beginning of the pandemic with its sterile cleaning products. Now with the economy beginning to reopen, demand for its products are expected to remain strong. Margins continue to expand for the 9th consecutive period thanks to volume and cost-saving efficiencies. It pays a good dividend, that has been increasing for 40 consecutive years and is backed by a 45% payout ratio. We would buy this with a stop-loss at $150 looking to achieve $220 -- upside potential over 17%. Yield 2.34% (Analysts’ price target is $219.29)
misc consumer products
Clorox Company(CLX-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Clorox Company(CLX-N) Frequently Asked Questions
What is Clorox Company stock symbol?
Clorox Company is a American stock, trading under the symbol CLX-N on the New York Stock Exchange (CLX). It is usually referred to as NYSE:CLX or CLX-N
Is Clorox Company a buy or a sell?
In the last year, there was no coverage of Clorox Company published on Stockchase.
Is Clorox Company a good investment or a top pick?
Clorox Company was recommended as a Top Pick by on . Read the latest stock experts ratings for Clorox Company.
Why is Clorox Company stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Clorox Company worth watching?
0 stock analysts on Stockchase covered Clorox Company In the last year. It is a trending stock that is worth watching.
What is Clorox Company stock price?
On 2024-11-20, Clorox Company (CLX-N) stock closed at a price of $168.05.
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Still really expensive at over 30x earnings for a consumer product. Not fantastic growth. Relatively weak balance sheet, lots of debt. Fairly well managed. Cost-cutting efforts can only go so far. Be careful.