Church & Dwight (CHD)
Today’s chart of the week comes from consumer staples. Staples are breaking out to new all-time highs right now!
In fact, not every stock pick has to be a huge name like Tesla. Sometimes slow and steady wins the race. Church and Dwight, a famous condom maker, has been a reliable pick throughout history and continues to be a great addition to your portfolio. Church and Dwight (CHD) has now been down for five consecutive months, making it my clear pick for this week.
Here’s the trade:
Church & Dwight (CHD) maker of Trojan Condoms. We want to be long if the stock price is above $80, with a price target of $123.
Til next week, good trading,
New IPO targeted by the billionaire behind Google and Amazon
I’d like to ask your permission to share a story with you today. It involves a secret billionaire virtually unknown among regular Americans. Quietly, he was the first backer of Amazon, putting in $8 million at just $0.20 a share in 1996. And now he’s putting hundreds of millions into a new IPO that deserves your attention. He calls it “the largest economic opportunity of the 21st century.”