ColgatePalmolive Company (CL) Long

NYSE:CL   Colgate-Palmolive Company
Trade Idea

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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