Kaminsky's Call: Clorox is Strong and Steady Stock
How would you like to "clean up" with a stock that's already hiding in your cupboard?
I'm talking about Clorox, and it's the third member of the very, very exclusive "One Decision Club."
Before I get to the why (and you'll want to hear this), a quick refresher on the strict requirements for this rarified fraternity.
"One Decision" stock members are companies that are so strong that the thought selling them need not enter your mind. There is literally one decision to make: buy. And when they fall, you're actually happy, because it means you can buy more. These tickers could help you beat the market.
Our first member, Expeditors International of Washington, posted higher second quarter guidance yesterday afternoon and saw its price rise on the news.
My "Call-to-Action" today is to add The Clorox Company to the club, and here’s why.
Clorox has an enormous variety of products, ranging from their bread-and-butter bleach and cleaning supplies to successful brand names like Glad Bags, Armor All, and Brita Water Filtration.
Chances are, you own and know one of their products, even if you are not aware of it. Like its brethren, Expeditors International of Washington and Ecolab, The Clorox Company offers strong organic growth. They don't need to make dilutive deals to jazz earnings. The balance sheet is clean, and the company is growing at a steady, yet predictable rate.
That may sound boring, but in an unpredictable time, slow and steady could win the race.
"The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.
Gary Kaminsky does not hold any equity positions.
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