Clorox (CLX) was recently upgraded by Barclays at the same time Goldman Sachs downgraded two of its consumer products peers - P&G (PG) and Coca-Cola (KO) . But that doesn't mean Clorox is ready to take them on. Foreign currency challenges have clouded Clorox' earnings, and the company has missed earnings estimates. Meantime, its price to earnings ratio is expensive when compared to the likes of P&G and Kimberly-Clark (KMB) . Also, price forecasts for Clorox indicate a limited upside from its current stock price.
More from Currencies
Bettin' a Buck on Devon
Here's where I see Devon Energy going and how to play it.
Fundamentals? It Has All Been About Central Bank Liquidity!
All eyes will be on the Fed this Wednesday to see if this 'weakness' will or can cause them to reverse their policy.
The Dollar's Parabolic Rise Is Hard to Ignore
This is a massive move in the world of currencies.
Trading Dollar Strength Through 2 Funds
I'm thinking this may be a time when the old K.I.S.S. principle comes into play.
The Most Liquid and Least Talked About Futures Market in the World
These products offer traders the ability to speculate, or hedge interest-rate risk, in a relatively conservative and comfortable manner.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.