With the coronavirus sweeping the nation, Americans are buying hand sanitizer in record numbers. In fact, for the four-week period ending Feb. 22, hand sanitizer sales spiked 73%, though Nielsen predicts that the demand for sanitizer hasn't even begun to peak, as reported by ABC News. Those numbers may only grow, as the World Health Organization advises to “Use an alcohol-based hand sanitizer with at least 60% alcohol. Always wash hands with soap and water if hands are visibly dirty.” Governments and health agencies around the world are also advising that you wash their hands and use hand sanitizer to curb the virus’ spread. As the global story unfolds, some of the top stocks to keep an eye on include The Yield Growth Corp. (CSE:BOSS)(OTC:BOSQF), Clorox Co. (NYSE:CLX), Kroger Co. (NYSE:KR), Kimberly Clark Corp. (NYSE:KMB), and Amazon.com Inc. (NASDAQ:AMZN).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. announced its brand Urban Juve will launch new hand care products to reflect increased demand for self-care products as a result of the pandemic COVID-19 (coronavirus).
Urban Juve products to be launched include hand sanitizer, hand moisturizer and hand cleanser.
According to Grand View research, the global hand care market size was valued at USD $12.4 billion in 2018 and is anticipated to expand at a CAGR of 4.5% from 2019 to 2025. This estimate was made before the coronavirus outbreak and the growth rate could be much higher as education about the importance of hand washing and moisturizing grows. Data from Adobe Analytics showed that demand for hand sanitizers in the U.S. spiked by 1,400% between December 2019 and January 2020.
Urban Juve has built a distribution platform for its products which extends to Europe, North America and South America. It plans to launch its new hand care products in countries in all 3 continents by the end of 2020, beginning with Canada and the U.S.
Medical News Today states that “hand washing is one of the most powerful ways to slow the spread of infectious diseases, but that overuse of soaps and hand sanitizers can cause the skin to dry out and crack.” Moisturizing hands after washing can combat dryness which can make hands susceptible to infection. Dr. Zainab Laftah, a dermatologist and spokesperson for the British Skin Foundation, recommends the use of a regular moisturizer and either of the following two options: 1) Wash with soap or with moisturizer and water, then moisturize. 2) Use an alcohol-based hand gel and then moisturize afterward.
Urban Juve’s luxurious, therapeutic, and botanically-infused skin products help to soothe and deeply moisturize the skin. Ancient Ayurvedic rituals for skin healing used powerful herbs and oils to replenish and restore the skin's natural pH balance. “Skin is the largest organ of our body. It is our first line of defence against infections as it absorbs every pollutant from air, water, food and environment,” says Yield Growth CEO Penny White. “Using the right products can feed skin the essential nutrients to support the immune system and fight harmful substances and germs that enter the body.”
Urban Juve uses essential oils in its moisturizers because they have been well studied for their antiviral, antibacterial and antifungal properties. This makes them an excellent option to use when applying to the skin (hands) to help prevent the spread of harmful pathogens naturally. Because essential oils are so potent, they can be used to help kill harmful microbes, but in a way that is much safer for the body and the planet.
“We are dedicated to bringing these botanical hand formulas backed with the science of Ayurveda to support the ultimate journey of health and wellness,” says Urban Juve’s Director of Product Development Bhavna Solecki. “Our formulas take inspiration from the ancient Indian texts that define the Ayurvedic elixirs to create products that provide protection from environmental pollutants.”
Other related developments from around the markets include:
Clorox Co. (NYSE:CLX) announced that its board of directors has declared a quarterly dividend of $1.06 per share on the company's common stock. The dividend is payable May 8, 2020, to stockholders of record as of the close of business on April 22, 2020. Clorox has a long history of providing value to its shareholders through regular dividend increases.
Kroger Co.’s (NYSE:KR) Board of Directors today declared a quarterly dividend of 16¢ per share to be paid on June 1, 2020, to shareholders of record as of the close of business on May 15, 2020. The company's quarterly dividend has grown at a double-digit compound annual growth rate since it was reinstated in 2006. The company continues to expect, subject to board approval, an increasing dividend over time. Kroger's capital allocation strategy is to use its free cash flow to invest in the business and drive profitable growth while also maintaining its current investment grade debt rating and returning capital to shareholders. The company actively balances the use of its adjusted free cash flow to achieve these goals.
Kimberly Clark Corp. (NYSE:KMB) announced it has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World's Most Ethical Companies. "At Kimberly-Clark, we are inspired to make lives better for people all around the world," said Jeff Melucci, Kimberly-Clark's General Counsel. "Being named to this list reflects the commitment of our global employees to our values of accountability and authenticity." "We take pride in conducting business with the highest ethics and an unwavering commitment to doing the right thing in all that we do," said Kurt Drake, Kimberly-Clark's Chief Ethics & Compliance Officer. "Our high expectations for compliance allow us to earn the continued trust of our customers, consumers and shareholders."
Amazon.com Inc.’s (NASDAQ:AMZN) Amazon Web Services, Inc. announced that 3M is moving its enterprise IT infrastructure to AWS. As part of a company-wide enterprise IT transformation initiative, 3M is migrating its enterprise resource planning (ERP) system, including accounting, supply chain management, manufacturing, product lifecycle management, and e-commerce, along with business-critical enterprise IT applications, to the world’s leading cloud. Using AWS’s proven global infrastructure and breadth and depth of services, 3M will modernize its infrastructure and drive operational efficiencies across its global operations.
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