Why Clorox Might Not Have a Coronavirus-Inspired Second Act
Clorox (NYSE: CLX) stock has enjoyed an unexpected surge thanks to the COVID-19 pandemic. As panic set in related to the contagion, consumers cleared stores of consumer staples, and stocks like Clorox benefited.
However, the spread of the virus has appeared to slow in recent days, and consumers have less trouble finding necessities. Moreover, even if a second wave of infections appears, the demand for cleaning products may not match the levels of the first wave. Due to these factors, Clorox has no obvious catalyst for another leg higher.
Clorox encompasses much more than bleach and the disinfecting wipes. The company also owns numerous other consumer products, such as Kingsford charcoal, Brita water filters, and Burt's Bees personal care products.
Source Fool.com
