Lead is the antithesis of Rodney Dangerfield: it gets respect.
The Campaign for Safe Cosmetics said yesterday that 61% of tested lipsticks made in the U.S. by a plethora of companies contain surprisingly high levels of lead.
One-third of the 33 tested lipsticks exceeded FDA's 0.1 ppm limit for lead in candy, which- like lipsticks- are ingested in to the body. The tests used standards for lead levels in sweets, as the FDA has not yet set regulations on lipsticks.
Lipsticks under the microscope were bought in Boston, Connecticut, San Francisco, and Minneapolis. Top brands with detectable levels of lead include L'Oreal, Dior, and Procter & Gamble's own CoverGirl.
Shares of the latter haven't been effected by the revelation, though, as the stock has hit another high today. PG has been on a steady incline since hitting the 53 level in June 2006. The stock bided time reaching support at the 61 level and resistance at the 67 level from September 2006 to September 2007. Since finally bursting through its barrier in mid-September, PG shares have continuously hit new highs and haven't looked back.