Tackle Today: Stock of the Week: CL (Colgate Vintage Ad)

≈ 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.

Today’s line up

Traders Lounge 11AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show Replay

If you missed last night’s episode where Coaches Noah Davidson and Grant Larsen talked about Module 3 from the S.T.E.P. System or would like to watch it again, check it out here.

Mind of a Trader 8:30PM EST

Mind of a Trader is a special webinar series where our traders go over trades they are personally analyzing, their take on the current market conditions, strategies that they believe are effective in today’s market conditions and special lessons they believe are applicable to all traders. Tonight’s show will focus on the Boomerang Trade and will be hosted by Coach Mark Justice.

Halftime Report 12:30PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

Market Recap 4:30pm EST

The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.

Trading Justice Podcast

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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