Daily Technical Summary Reports on Consumer Goods Stocks -- La-Z-Boy, Mohawk Industries, Clorox, and Newell Brands
NEW YORK, Nov. 10, 2017 /PRNewswire/ --
If you want a Stock Review on LZB, MHK, CLX, or NWL then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. In today's pre-market research, DailyStockTracker.com recalls the recent performance of the following equities: La-Z-Boy Inc. (NYSE: LZB), Mohawk Industries Inc. (NYSE: MHK), The Clorox Co. (NYSE: CLX), and Newell Brands Inc. (NYSE: NWL). According to a commentary on The Marketing Insider posted on http://www.mediapost.com, the Consumer Goods industry, like many others, is going through a time of immense change. Companies operating in this sector are curbing spending due to a confluence of weak economic growth, technological disruption, and a radical change in consumer behavior, making many rethinks how they sell to consumers. Register now and get full and free access to these DailyStockTracker.com research reports at: http://dailystocktracker.com/register/
La-Z-Boy
On Thursday, shares in Monroe, Michigan-based La-Z-Boy Inc. recorded a trading volume of 264,171 shares. The stock ended at $26.80, rising 0.19% from the last trading session. The Company's shares are trading above their 50-day moving average by 1.74%. Furthermore, shares of La-Z-Boy, which manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the US, Canada, and internationally, have a Relative Strength Index (RSI) of 49.81. Access our complete research report on LZB for free at: http://dailystocktracker.com/registration/?symbol=LZB
Mohawk Industries
Calhoun, Georgia headquartered Mohawk Industries Inc.'s stock finished yesterday's session 0.43% higher at $264.61 with a total trading volume of 352,408 shares. The Company's shares have gained 2.94% in the last one month, 7.81% over the previous three months, and 32.52% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.20% and 9.91%, respectively. Furthermore, shares of Mohawk Industries, which designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide, have an RSI of 58.97.
On October 26th, 2017, Mohawk Industries announced results for the quarter and nine months ending September 30th, 2017. For Q3 2017, net earnings were $270 million, adjusted net earnings were $281 million, and net sales were $2.4 billion. For the nine-month period, net earnings were $731 million, adjusted net earnings were $763 million, and net sales were $7.1 billion.
On October 30th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $291 a share to $300 a share. The complimentary research report on MHK can be downloaded at: http://dailystocktracker.com/registration/?symbol=MHK
Clorox
At the close of trading on Thursday, shares in Oakland, California headquartered The Clorox Co. saw a slight drop of 0.28%, ending the day at $130.68. The stock recorded a trading volume of 504,946 shares. The Company's shares have advanced 0.11% in the last one month and 8.88% since the start of this year. The stock is trading 0.59% below its 50-day moving average. Moreover, shares of Clorox, which manufactures and markets consumer and professional products worldwide, have an RSI of 53.88.
On November 01st, 2017, Clorox reported Q1 FY18 results. Sales for the quarter grew 4%; diluted net earnings per share growth from continuing operations were $1.46; and gross margin increased 50 basis points to 44.9%. Earnings from continuing operations were $192 million for Q1 FY18, and net cash from continuing operations was $257 million. Register for free on DailyStockTracker.com and get access to the latest report on CLX at: http://dailystocktracker.com/registration/?symbol=CLX
Newell Brands
Hoboken, New Jersey headquartered Newell Brands Inc.'s shares ended the day 4.17% lower at $30.10. A total volume of 7.80 million shares was traded, which was above their three months average volume of 6.06 million shares. The stock is trading 27.76% below its 50-day moving average. Additionally, shares of Newell Brands, which designs, sources, and distributes consumer and commercial products worldwide, have an RSI of 19.43.
On November 03rd, 2017, research firm RBC Capital Markets downgraded the Company's stock rating from 'Top Pick' to 'Outperform' while revising its previous target price from $60 a share to $35 a share.
On November 08th, 2017, Newell Brands announced the declaration of a quarterly cash dividend of $0.23 per share. The dividend is payable on December 15th, 2017 to common stockholders of record at the close of business on November 30th, 2017. Download your free research report on NWL at: http://dailystocktracker.com/registration/?symbol=NWL
--
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://dailystocktracker.com/disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE dailystocktracker.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article