Colgate times
QE2 hope boosted stock enough drilling 11,000 technically significant on the Dow Jones index level, fueled primarily by weak dollar trade.The market may already have prices in most of the next helicopter Ben dump money and employment concerns could put in a high mou.Sur stock market, however, there is still value in superiors with high exposure set overseas to capitalize on the greenback cloud.
Colgate-Palmolive Company (CL), which generates more than two-thirds of sales outside the United States is such entreprise.Le producer of SOAP, detergent and oral hygiene based in New York has delivered record revenues and earnings last quarter despite a negative foreign currency translation. Venezuela - take a piece of projected year-end revenues - currency revaluations has already cooked in the course of actions and further depreciation of the dollar will strengthen Colgate gains.
Yet, Colgate trade multiple range in household products from competitors such as Procter and Gamble (PG) and Clorox (CLX) space in the price of higher earnings.There is also slightly higher yields have with Procter and Gamble (3.1%), Clorox (3.2%) and Kimberly-Clark (4%).But Colgate looks like a piece of better short-term capital gains based on the card seems to be much better shape, because stock has shifted more broadly advance.
Removed hard stock following the second report of quarter at the end of July that investors were disappointed that income is come shy lofty expectations and Colgate has always recovered step is tout.En for 3 months then that S & P won by 7%, Colgate is down over 8 %.Le stock tried and did not post earnings retest price level towards the end of last month.
Downward trend reversed on October 8, confirmed by stochastic increase and a index of relative force bounce territory survendu.Le stock, now trading at $reading, a moving average 10 days to use exponential and could be on the road tests $79.19 man chandelier hanging high on 28 September.
Colgate also has the advantage to be a defensive stock if the broad market fall rally cools, a decent 2.8% annual dividend yield and more return.
USD with QE2 expected downward and interest rate risks low apparent, holding at historically low levels remains the strongest reason for refresh with Colgate.
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