Momentum Stocks Try To Beat Views: Colgate-Palmolive (NYSE:CL), Celgene Corporation (NASDAQ:CELG)

Colgate-Palmolive Company (NYSE:CL) [Trend Analysis] moved down reacts as active mover, shares a decrease -5.22% to traded at $64.68 and the percentage gap between open changing to regular change was -4.75%. While reporting its fourth-quarter results, Colgate-Palmolive Company (CL) forecast fiscal 2017 net sales to increase in low single digits and earnings per share on a declared basis to be flat with the prior year.

Ian Cook, Chairman, President and Chief Executive Officer said, “As we look ahead, uncertainty in global markets and foreign exchange volatility remain challenging, which sees us redoubling our focus on profitable growth. The company said it anticipates another year of solid organic sales growth driven by a full new product pipeline, engaging marketing programs and strong advertising support. On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.00 per share for the year on revenues of $15.78 billion. Analysts’ estimates typically exclude special items. The firm’s current ratio calculated as 1.30 for the most recent quarter. The firm past twelve months price to sales ratio was 3.78. As far as the returns are concern, the return on equity was recorded as -950.70% and return on investment was 42.70% while its return on asset stayed at 19.60%.

Celgene Corporation (NASDAQ:CELG) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.87% to $113.62. A wholly owned subsidiary of Celgene Corp. (CELG), Celgene International Sàrl reported that European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use or CHMP has adopted a positive opinion for the use of REVLIMID as monotherapy for the maintenance treatment of adult patients with newly diagnosed multiple myeloma or MM who have undergone autologous stem cell transplantation or ASCT.

Once authorized by the European Commission, REVLIMID will be the first and only licensed maintenance treatment accessible to these patients. Multiple myeloma is an incurable and life-threatening blood cancer that is characterised by tumour proliferation and suppression of the immune system. It is a rare but deadly disease—around 39,000 people are diagnosed with MM in Europe, and around 24,000 people die from the disease each year. The median age at diagnosis in Europe is between 65 and 70 years. The share price of CELG attracts active investors, as stock price of week volatility recorded 2.01%. The stock is going forward to its 52-week low with 22.11% and lagging behind from its 52-week high price with -10.54%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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