Tackle Today: Stock of the Week: CL 🔴 | Tackle Trading

≈ Clean teeth and dividends. ≈

What is the first thing that comes into your mind when you think of Colgate-Palmolive? For me, 2 things: toothpaste and dividends.

Colgate-Palmolive is in charge of producing many of the oral, personal and home care product we know for more than 200 years. 213 to be more exact as the company was founded in 1806 by William Colgate who started a starch, soap, and candle business in New York City, making it one of the oldest companies in the US stock market.

Colgate is a Dividend King, a stock with more than 50 consecutive years of dividend increases. Here are some figures:

- Market Cap: ≈ $63 billion
- Dividend yield: 2.33%
- Payout ratio: 62.6%
- Beta 0.5

A nice and stable dividend, and a slow Beta. A defensive play for your portfolio, for sure.

But what about trading?

You voted you got it: Colgate-Palmolive (NYSE: CL) is the Stock of the Week on Tackle’s Instagram.

Go to our profile and check the analysis done by Coach Gino Poore; the anatomy of CL’s set up is thoroughly dissected for you. The stock was also one of the Options Report picks, so you don’t wanna miss it.

(CL is also what you get if you mistype the Oil Futures ticker symbol on TOS. Watch out!)

Now, Colgate-Palmolive reminds me of three things: toothpaste, dividends and a nice trading set up.

Chart of the Day: The anatomy of a setup

Here’s a screenshot of Coach Gino’s dissection of the CL trading set up on Tackle’s Instagram. Be sure to follow us there.

Video of the Day: What Are Dividends

A dividend is the distribution of a token reward from a portion of company’s earnings, and is paid to a specified class of shareholders.

Trading Justice Episode 327: The Boomerang Trade

In this episode of the Trading Justice Podcast, Coach Mark Justice teaches his approach to a cash flow strategy called the Boomerang Trade which consists of selling naked puts and then covered calls in a cycle of cash flow. Listen to the episode on the player below.

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Originally published at https://tackletrading.com on June 26, 2019.