Enter Long - Ideal price is $76-77 but still a great buy at $78.
Stop Loss - $75.5
Profit Target - $83-85
Colgate-Palmolive waking up?
After a high of $85 in mid July, the stock has taken a punishment but this is temporary. This is a solid company with solid financials who is currently trading at 31.7% below estimated fair values. Earnings are forecasted to grow 4% per year. This stock also pays out a reliable dividend of 2.3%.
For the six months ended 30 June 2021,Colgate-Palmolive Company revenues increased 8% to 8.6B. Net income increased 3% to 1.38B. Revenues reflect Oral, Personal and Home Care segment increase of 6% to 7.02B, Pet Nutrition segment increase of 14% to 1.58B, Asia Pacific segment increase of 12% to 1.41B, Europe segment increase of 10% to 1.43B, Latin America segment increase of 7% to 1.81B.
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