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4 Consumer Stocks to Buy Before They Move Higher

These four consumer stocks are set to pop

U.S. equities continue to quietly drift just below record highs — stretching the run without even a 1% loss in more than 100 days.

4 Consumer Stocks Stocks to Buy Before They Move Higher
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While the confidence seems invincible, investors are beginning to show some concern as technical measures grow increasingly overbought, breadth continues to narrow and the “hard” economic data keeps rolling over. The Atlanta Fed’s GDPNow real-time estimate of first-quarter growth fell to just 0.9% this week.

And let’s not forget the Federal Reserve’s increasingly hawkish policy stance, announcing another quarter-point rate hike and penciling in another two rate hikes through the rest of the year.

With this in mind, it’s no wonder investors are starting to express interest in some more defensive areas such as consumer staples. With that in mind, here are four that are on the move.

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Consumer Stocks to Buy: The Coca-Cola Co (KO)

Consumer Stocks to Buy: The Coca-Cola Co (KO)

The Coca-Cola Co (NYSE:KO) shares have pushed up and over its 200-day moving average, lifting up and out of a multi-month consolidation range going back to September. KO shares look ready for a run at the early 2016 highs near $45.50, which would be worth a 7% rise from here.

Analysts at RBC recently highlighted encouraging fourth-quarter results, relative to its peers, due to re-franchising, improved marketing and accelerating volumes.

The company will next report results on May 11 before the bell. Analysts are looking for earnings of 44 cents per share on revenues of $8.9 billion.

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Consumer Stocks to Buy: Church & Dwight Co., Inc. (CHD)

Consumer Stocks to Buy: Church & Dwight Co., Inc. (CHD)

Colgate-Palmolive Company (NYSE:CL) shares look ready to lift up and out of a two-month consolidation range, which in turn, is part of a larger consolidation range going back to last summer. This comes as CL shares have been unable to take the $75-a-share level on.

After reporting tepid results back in January, management unveiled a plan to boost results via increased advertising spending, which along with U.S. dollar strength, was anticipated to result in low-single-digit EPS growth in 2017.

CL will next report results on April 28 before the bell. Analysts are looking for earnings of 66 cents per share on revenues of $3.8 billion.

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Consumer Stocks to Buy: Church & Dwight Co., Inc. (CHD)

Consumer Stocks to Buy: Church & Dwight Co., Inc. (CHD)

Church & Dwight Co., Inc. (NYSE:CHD), the company behind Arm & Hammer, is enjoying a lift out of a two-month trading range in a pattern similar to CL … CHD is butting up against prior resistance from last summer.

The company got a big lift in February on swirling M&A rumors involving Procter & Gamble Co (NYSE:PG). Church & Dwight stock benefited, along with the consumer staples sector in general, from the big offer Kraft Heinz Co (NASDAQ:KHC) made for Unilever plc (ADR) (NYSE:UL).

CHD will next report results on May 9 before the bell. Analysts are looking for earnings of 46 cents per share on revenues of $869.5 billion.

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Consumer Stocks to Buy: Estee Lauder Companies Inc (EL)

Estee Lauder Companies Inc (NYSE:EL) stock is surging up and over its 200-day moving average, returning to levels last seen in the September/October sideways crawl before it suffered a 13% decline in November and December.

EL shares were upgraded by the Telsey Advisory Group in February on the expectation of improving sequential sales growth through the year as management focuses on re-stocking its pipeline with growth brands as others in its portfolio slow.

The company will next report results on May 4 before the bell. Analysts are looking for earnings of 73 cents per share on revenues of $2.8 billion.

Anthony Mirhaydari is founder of the Edge (ETFs) and Edge Pro (Options) investment advisory newsletters. A two-week and four-week free trial offer has been extended to InvestorPlace readers. Redeem by clicking the links above.


Article printed from InvestorPlace Media, http://investorplace.com/2017/03/4-consumer-stocks-stocks-to-buy-move-higher-ko-cl-chd-el/.

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