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Kimberly Clark Corp. - Charting Zacks Elite Stocks

Source: http://www.zacks.com/commentary/8924/Kimberly+Clark+Corp.+-+Charting+Zacks+Elite+Stocks
Posted on Thursday, October 16th, 2008 | In Stocks to Watch
Contributed by: Michael Vodicka (http://www.zacks.com/) -

Kimberly Clark Corp. (KMB) shares have traded lower in October, but appear to be rebounding from a key level of support just below $55, a previous low. This stock is still trading in the red for the year, in spite of the fact that estimates have held steady. The current-year estimate remains at $4.23 per share, which means this stock has a forward P/E multiple of 14X, a slight premium to the overall market but an attractive valuation for a consumer staples company in this kind of economic environment. Take a look at the chart below.

Healthspring, Inc. (HS) shares have also recently traded lower, pushing this growth stock operating in a growth industry into value territory. With shares trading around $18, this stock has a forward P/E multiple of 8.5X, a nice discount to the overall market. Shares appear to have found some support recently below $15 near a medium-term trend line that began in March. Take a look below.


“KMB” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

Last 5 posts by Michael Vodicka





About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys.

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