108 days ago • Posted by Charles-Henry Monchau
With all the cleaning related to the Pandemic, germs are disappearing. And now a vaccine is coming. Short Clorox (CLX)?
Clorox dropped 10% in yesterday's trading post vaccine news. This is an extract from their Q3 earnings-call earlier this month: "We’re seeing consumers in the U.S. and around the world, cleaning much more frequently, cleaning new surfaces and of course cleaning both in and outside of the home and that is true for business customers as well, where they’re having to welcome people back to their businesses, with safe environment. From our research with consumers, they are telling us that they expect many of these behaviors to stick, regardless of whether or not, there is a vaccine or how long COVID goes on, because it’s a way to reassure their health and wellness and for them to feel safe." Clorox CEO Linda Rendle - source: The Market Ear