StockCall has reviewed the personal care industry, and its analysts compiled an analysis of Proctor & Gamble, Colgate-Palmolive, Avon Products, and Estee Lauader.
According a recent report, consumer confidence in the U.S. rose in February - and this is good news for companies selling consumer products. As the labor market continues to show signs of improvement, consumer confidence in the U.S. is expected to remain high.
Stock analysts expect consumer goods companies to benefit from growth in emerging markets, especially China.
StockCall's full reports can be accessed for free on its website. According to the analysts:
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.
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.
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.
Although Avon'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%.