Clorox Stock (CLX) Trade Alert and Outlook – Feb 4 2014

This is a FullyInformed Members Trade Alert on Clorox Stock. Earnings for the second quarter of 2014 came out for Clorox Stock and are lower than estimated by analysts. The company earned 88 cents per share a drop from 93 cents for the same quarter last year. Estimates were as low as .90 cents. Clorox indicated that their earnings were less due to foreign currency exchange rates, higher manufacturing costs, higher commodity costs and overall higher logistics costs. They did increase prices slightly last year which help to offset some of the decline in earnings. Revenue improved slightly this year with earnings up to $1,330 versus $1,325 to the same year ago quarter. This beat revenue forecasts which pegged Clorox revenue to come in at $1,320.

Meanwhile the company also issued a 2014 outlook which did not see improvement in overall sales and that is pressuring the stock.

Clorox Stock Intraday

The 1 minute chart of Clorox Stock below shows the action following the earnings release. The stock shot up briefly on the earnings and then sold to a morning low of $84.39. It then recovered to over $86 and then fell back to trade between the $85 and $86 price range.

Clorox Stock Intraday Feb 4 2013

Clorox Stock Intraday Feb 4 2013

Clorox Stock Trade Alert and Outlook for Feb 4 2014

This article discusses the strategy I will be using for the next several months. The higher volatility means I will be earning better put option premiums. To read the Clorox Stock trade alert and my outlook and strategy details, FullyInformed Members can can login directly through this link or Members can sign in to the full members site here. Non-members can join here.

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