Before it posted third-quarter results, Colgate-Palmolive (CL) trended lower. CL stock peaked in September at around $109 and found support at $100 before the earnings report.
The company disappointed investors last Friday despite posting profit margins improving by 270 basis points to 61.3%. Unfortunately, organic sales, which accounted for around 20% of total revenue, fell by 1.9%. Since Colgate-Palmolive expects net sales to rise by 3% to 5% in FY 2024, consider the stock at this price.
Medical device supplier DexCom (DXCM) is trading in a range of around $70 – $75. The company posted a 2.0% Y/Y rise in revenue, to $994.2 million. Although international revenue increased, it fell in the U.S. market.
DXCM stock could fall to a $60 buy zone in the coming weeks.
Realty Income (O) dipped by 5% in the last week on no news. The unexpected increase in U.S. treasury yields is pressuring the widely held REIT. Investors may consider holding the Real Estate Select Sector (XLRE) instead. Other REITs to consider include American Tower (AMT).
In the insurance sector, Hartford Financial Services Group (HIG) fell by 6.8% last Friday. The firm posted an EPS of $2.53 on revenue of $6.75 billion (+9.4% Y/Y). Hartford also raised its dividend by 10.6% to $0.52 a share.
