Estee Lauder Companies Inc : StockCall Scrutinizes Procter & Gamble, Avon Products, Colgate-Palmolive and Estee Lauder
03/01/2013| 08:05am US/Eastern
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LONDON, March 1, 2013 /PRNewswire/ --
Consumer confidence in the U.S. rose in February, according to a report released by
Conference Board earlier this week. With the labor market continuing to show signs of
improvement, consumer confidence in the U.S. is expected to remain high. This augurs well
for consumer goods companies such as The Procter & Gamble Company (NYSE: PG), Avon
Products Inc. (NYSE: AVP), Colgate-Palmolive Company (NYSE: CL) and Estee Lauder Companies
Inc. (NYSE: EL). StockCall reviewed the personal products industry, and its analysts chose
PG, AVP, CL and EL for its technical coverage. These free reports can be seen for free at
http://www.stockcall.com/signup
Consumer goods companies should also benefit from growth in emerging markets,
especially China. The Chinese economy had slowed down in 2012, however, growth has once
again picked up in the world's second largest economy. On Thursday, consumer goods stocks
finished on a mixed note even as the broad market fell.
Procter & Gamble Co.'s shares fell on Thursday, ending the day 0.74% lower at $76.18
on volume of 10.47 million. The stock has fallen more than 1% this week. Despite the
pullback this week, the company's shares have gained more than 12% for the year. The stock
had seen a series of highs in January and early February. However, it has traded sideways
over the last couple of weeks, struggling to break through the $77 resistance level. The
stock is trading well above its 50-day moving and 200-day moving averages. Download the
free research on PG by signing up now at
http://www.StockCall.com/PG030113.pdf
Shares of Avon Products gained in Thursday's trading session; however, these gains
were limited. The stock closed 0.62% higher at $19.55 on volume of 4.49 million. It has
gained more than 1.70% in the last three trading sessions, tracking gains in the broad
market. The company's shares had fallen sharply last week after failing to break through
$21 resistance level. The stock has rebounded after finding support at around $19. Avon's
shares are trading well above their 50-day and 200-day moving averages. The stock
currently has a dividend yield of 1.23%. Register for today's free analysis on AVP at
http://www.StockCall.com/AVP030113.pdf
Shares of Colgate-Palmolive Co. finished nearly flat on Thursday. The stock closed
0.03% lower at $114.43 on above average volume of 1.95 million. The company's shares have
gained 0.4% for the week. For the year, the stock is up nearly 9.5%, outperforming the
broad market. Yesterday, the stock hit an intra-day high of $115.69, which is close to its
52-week high of $115.71. The stock has had an excellent run recently, finishing higher in
8 of the previous 10 trading sessions. Colgate-Palmolive's shares are currently trading on
a P/E ratio of 22.22. The stock has a dividend yield of 2.17%. Free report on CL can be
accessed by registering at
http://www.StockCall.com/CL030113.pdf
higher at $64.10 on volume of 1.85 million. In the last three trading sessions, Estee
Lauder's shares have gained more than 3.70%. Year-to-date, the stock is up more than 7%.
Estee Lauder's shares have been facing stiff resistance at around $64. The stock has
strong support at $62. Register with StockCall and download the research on EL for free at
http://www.StockCall.com/EL030113.pdf
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SOURCE StockCall.com
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