Colgate-Palmolive Company ($CL) Stock Forecast: Up 1.1% Today

What is Colgate-Palmolive Company?

Colgate-Palmolive Co (CL) is a consumer products company known for its oral care, personal care, and home care products. The company has reported strong Q1 2024 performance, surpassing revenue forecasts and raising its annual revenue growth outlook.

Why is Colgate-Palmolive Company going up?

CL stock is up 1.1% on Apr 26, 2024 14:37

• CL stock experienced a strong bullish movement today.
• The company surpassed analyst revenue forecasts and delivered robust first-quarter results.
• Colgate-Palmolive's strong performance and raised revenue growth outlook likely contributed to the bullish market movement.
• Amidst geopolitical uncertainties and sticky inflation, investors may be seeking stability in reliable stocks like Colgate-Palmolive, further boosting the stock's bullish momentum.

CL Price Chart

CL News

Colgate-Palmolive Co (CL) Surpasses Analyst Revenue Forecasts with Strong Q1 2024 Performance

Colgate-Palmolive Co (CL) Surpasses Analyst Revenue Forecasts with Strong Q1 2024 Performance

https://www.gurufocus.com/news/2419607/colgatepalmolive-co-cl-surpasses-analyst-revenue-forecasts-with-strong-q1-2024-performance

CL Earnings: Colgate-Palmolive Brushes Past Q1 Estimates

Colgate-Palmolive (NYSE:CL) shares are on the rise today after the consumer products major delivered robust first-quarter results and hiked its fin…

https://www.tipranks.com/news/cl-earnings-colgate-palmolive-brushes-past-q1-estimates

Colgate-Palmolive Eyes Strong Levels of Brand Investment Following Q1 Performance, Raises Annual Revenue Growth Outlook

Colgate-Palmolive Company (NYSE: CL ) shares are trading slightly higher after the consumer giant reported first-quarter FY24 sales growth of 6.2% year-on-year to $5.065 billion, beating the analyst consensus estimate of $4.956 billion . Organic sales increased by 9.8%. Total Oral, Personal, and Home Care net sales increased by 6.8% to $3.96 billion. Non-GAAP EPS of $0.86 beat the consensus estimate of $0.81. Gross profit was $3.03 billion, while the … Full story available on Benzinga.com

https://www.benzinga.com/news/earnings/24/04/38458854/colgate-palmolive-eyes-strong-levels-of-brand-investment-following-q1-performance-raises-annual-rev

Options Volatility and Implied Earnings Moves Today, April 26, 2024

Today, several major companies are expected to report earnings: Centene (CNC), Charter Communications (CHTR), Chevron (CVX), Colgate-Palmolive (CL)…

https://www.tipranks.com/news/options-volatility-and-implied-earnings-moves-today-april-26-2024

Steady Eddies: 7 Rock-Solid Stocks to Anchor Your Portfolio in April

Perhaps the biggest justification for steady stocks comes from an asset class completely unrelated to the equities market: cryptocurrencies. After the benchmark blockchain asset hit a record high earlier this year, the sector has struggled for traction. It’s not necessarily a surprising development either. Most prominently, geopolitical flashpoints threaten the stability of critical supply chains. Therefore, the turmoil could easily work its way down to us Americans, much like pouring water on an electric fence. On another note, inflation has been stickier than experts anticipated. Here, a robust labor market isn’t exactly helping matters. With so many serious challenges surrounding us, it’s simply good practice to consider these steady stocks.

https://investorplace.com/2024/04/steady-eddies-7-rock-solid-stocks-to-anchor-your-portfolio-in-april/

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Colgate-Palmolive Company Price History

26.03.2024 - CL Stock was up 1.1%

• CL stock experienced a strong bullish movement today.
• The company surpassed analyst revenue forecasts and delivered robust first-quarter results.
• Colgate-Palmolive's strong performance and raised revenue growth outlook likely contributed to the bullish market movement.
• Amidst geopolitical uncertainties and sticky inflation, investors may be seeking stability in reliable stocks like Colgate-Palmolive, further boosting the stock's bullish momentum.

30.09.2023 - CL Stock was up 2.6%

• Colgate-Palmolive reported strong Q3 results and raised its guidance, indicating solid demand for its products.
• The stock's bullish movement could be attributed to the company's positive earnings report and surpassing Q3 earnings estimates.
• The overall market sentiment, with the Sensex gaining points and the Nifty reaching new highs, could have also contributed to the bullish movement.
• It's worth noting that the article mentioning the Middle East situation and market fear does not seem directly related to Colgate-Palmolive's specific market movement.

28.05.2023 - CL Stock was down 1.8%

• The bearish movement in CL stock could be attributed to the negative sentiment caused by the news articles highlighting the high price of Colgate toothpaste at Tesco.
• The outrage expressed by Tesco shoppers and the negative publicity surrounding the pricing could have led investors to sell off their CL shares, resulting in the bearish movement.
• The article mentioning the surge in implied volatility for CL stock options indicates that investors may have been concerned about the potential impact of the negative news on the company's future performance.
• Despite the overall bearish movement, it is worth noting that there was a small gain in CL shares as the Sensex (stock market index) rose, suggesting some resilience in the face of the negative news.