Where Will Clorox Be in 1 Year?
Clorox (NYSE: CLX) was a stock destined to excel during a worldwide pandemic. As the maker of name-brand household cleaning and sanitizing products, the company saw consumer demand surge for bleach, wipes, and other necessary items to keep germs at bay. As a result, Clorox has had a stellar year as profits even doubled in the fiscal 2021 first quarter.
Yet the COVID-19 outbreak won't go on forever, and life is already returning to normal as many states do away with mask mandates and restrictions on businesses. That means investors need to consider what the prospects for a post-pandemic Clorox are and whether its stock is a buy.
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Source Fool.com
