Could Kimberly-Clark Be a Millionaire-Maker Stock?
Investors love the consumer staples industry because of the steady growth it can deliver to its biggest players. It might not be exciting, but the profit stream from selling essentials like tissues and diapers is durable and has made many millionaires out of long-term holders of companies like Procter & Gamble (NYSE: PG) and Colgate-Palmolive (NYSE: CL).
Kimberly-Clark (NYSE: KMB) stock has trailed the market's returns over the past five years. But investors have pushed its shares higher through the first eight months of 2020, suggesting they see the potential for better operating trends ahead.
Let's take a closer look at how the owner of hit brands like Kleenex and Huggies might provide impressive long-term returns to patient shareholders.
Source Fool.com
