Is Clorox a Pandemic Safe Haven? What About After?
Consumer cleaning goods manufacturer Clorox (NYSE: CLX) has never been on most investors' "growth stocks" list. But now, in the era of COVID-19, is it time to wipe away past prejudices against the bleach brand? Based upon recent performance and the sold-out status of products at the local grocery, the answer (for now) is yes.
Wash your hands. Wipe down surfaces. Decontaminate doorknobs. Don't touch your face.
These are our modern mantras as the world struggles to contain the pandemic. With all this emphasis placed on cleanliness, a company that makes products that are particularly effective weapons in the coronavirus war would seem to be a solid investment — especially since this won't be over by Easter Sunday, as some suggested. So at least for the near term, investors can clean up on Clorox.
Source Fool.com
