|Bid||120.18 x 800|
|Ask||120.19 x 900|
|Day's Range||119.11 - 120.45|
|52 Week Range||78.49 - 121.76|
|Beta (3Y Monthly)||0.37|
|PE Ratio (TTM)||83.99|
|Forward Dividend & Yield||2.98 (2.50%)|
|1y Target Est||N/A|
Vice Chairman and CFO of Procter & Gamble Co (30-Year Financial, Insider Trades) Jon R Moeller (insider trades) sold 141,575 shares of PG on 08/16/2019 at an average price of $118.05 a share. Continue reading...
Non-government organizations filed complaints with U.S. Customs and Border Protection in an effort to stop the importation of palm oil products produced by one of Malaysia’s largest palm oil companies.
Former Procter & Gamble brand manager hired to lead all marketing for a major retailer of wine, beer, spirits and other beverages.
Former Procter & Gamble Co. CEO John Pepper says he will no longer vote for Republican Party candidates because of President Donald Trump, whom he labeled as a mean and cruel liar.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Essity Aktiebolag and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
A group of non-governmental organizations is calling on U.S. authorities to ban imports of palm oil from Malaysia's FGV Holdings and investigate the company, citing concerns of forced labour and human trafficking on its plantations. U.S.-based NGOs International Labor Rights Forum (ILRF), Rainforest Action Network (RAN) and SumOfUs said they had filed a complaint with the U.S. Customs and Border Protection (CBP), which is required to deny entry of goods made with forced labour. "We are calling on U.S. Customs to enforce current law and prevent American consumers from unknowingly funding forced labour with each illicit FGV palm oil product sold," said Judy Gearhart, executive director of the International Labor Rights Forum.
Cincinnati stocks got slammed as the stock market plummeted Wednesday to its fourth-biggest one-day decline of all time.
It was a wicked Wednesday as stocks tumbled amid mounting concerns that some major global economies, including the U.S., are flirting with recessions. Adding to the recession concerns, there was another instance of yield curve inversion today.For those not familiar with the vernacular, yield curve inversion is an instance of 10-year Treasury yields dipping below those on 2-year notes. This has happened several times this year. Over the course of history, such inversions have proven to be reliable harbingers of looming economic contraction.Speaking of contracting, that's exactly what Germany's economy, the Eurozone's largest, is doing which adds to risk-off pall cast over global equity markets.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Growth Stocks to Buy for the Long Haul "Germany's economy shrank 0.1 percent from April through June and has been treading water for the last year, the government's official statistics agency said. Analysts at Deutsche Bank predicted that the economy will shrink during the current quarter as well, meeting the technical definition of a recession," reports The New York Times.Here in the U.S., the Nasdaq Composite plunged 3.02% while the S&P 500 sank nearly 3%. The Dow Jones Industrial Average slid 3.05%.In the category of "what a difference a day makes," yesterday I had the privilege of saying that all 30 Dow stocks traded higher. Today, I'm sad to report that in late trading, all 30 Dow components were in the red. Dow Winners In Short SupplyToday was one of those days when it's more about highlighting the best of the worst Dow stocks, not the biggest winners, because there weren't any winners to speak of. In late trading, just five Dow members were sporting losses of less than 1%.One of those names was Walmart (NYSE:WMT). The nation's largest retailer reports earnings tomorrow and in what could prove to be some much-needed good news, analysts are speculating that if Walmart beats, it could boost guidance."E-commerce sales performance in the U.S. will be closely watched. Telsey Advisory estimates a 37% year-over-year gain, which would match the first-quarter growth. Bank of America is looking for a 35% advance, and Tesley predicts a rise of at least 30%," according to Bloomberg. "In addition, analysts may have lingering questions around tariffs, even as the Trump administration said Tuesday it will delay until mid-December the 10% tariff on some Chinese products."I recently explored the long-term potential of Walmart's e-commerce efforts here. Consumer Staples Hold UpAs for the other members of today's least-bad group, a couple of those were consumer staples names, Coca-Cola (NYSE:KO) and Procter & Gamble (NYSE:PG). Given the risk-off tenor to the day, it wasn't surprising to see these stocks hold up, relatively speaking.However, there may another force at play. Historical data suggest that after yield curve inversion, the best-performing sectors are utilities and consumer staples. However, those historical anecdotes are not always all-encompassing. Just look at Walgreens (NASDAQ:WBA), shares of which slid 5.01% today. Dow Warning SignsCisco Systems (NASDAQ:CSCO) reports earnings after the bell today, but some investors departed the name in advance of that report as highlighted by the stock's 4% tumble today. Laboring around the $50-$51 area, this report is critical for Cisco's near-term fortunes. A move to the mid-$40s seems almost as likely as jump to the mid-$50s.There is also growing sentiment that McDonald's (NYSE:MCD), the Dow's best stock in August and one of the index's top performers this year, could be ready to decline, but that seems to be a technical bet, not a commentary on the stock's underlying fundamentals. DJIA Bottom LineI cannot confirm that a recession is imminent and it should be noted that the yield curve inversion, while reliable, is not 100% accurate. Nor am I glossing over the weakness in stocks, but historical data also confirm that the third quarter (August in particular) is usually unkind to equities.Perhaps the best strategy for the rest of this month and into September is to keep some cash on the sidelines and wait for more attractive opportunities to come available, particularly if the best defensive sectors can do is decline less than their high beta counterparts.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Dow Jones Today: The Return of Unpleasantness appeared first on InvestorPlace.
Trian Partners, the shareholder activist fund run by Nelson Peltz, has staged a comeback in the first seven months of the year after a punishing end to 2018 left the fund with its worst annual loss in a decade. The $9bn hedge fund posted gains of about 18 per cent through to the end of July, according to a person familiar with the firm, as global equity markets bounced on expectations of looser monetary policy. It is also among one of the largest hedge fund shareholders in General Electric, the beleaguered industrial conglomerate.
Myrtle Consulting Group, a Texas firm that advises global companies in the consumer-packaged goods and other types of industries, has opened an office in Cincinnati.
The consumer packaged-goods company raised prices on trash bags and charcoal last year. Others didn't follow suit and it hurt the bottom line.
Procter & Gamble (PG) is benefiting from ongoing initiatives to improve productivity. Also, the company is focused on product improvement, packaging and marketing initiatives and cost-saving plans.
Church & Dwight's (CHD) sales are gaining from continued category growth and healthy market share gains. The company's consumer international business has long been contributing to the top line.
Second-quarter earnings season is just about wrapped up. Massive losses mounted at companies like oil company National Oilwell Varco and consumer goods maker Procter & Gamble to the tune of $27.7 billion.
Jeffrey Epstein Found Hanged, Dead in Cell Less than one day after hundreds of pages of documents were unsealed revealing the extent of billionaire financier pedophile Jeffrey Epstein’s sex crimes, the guy was found dead in his cell. He appeared to have hanged himself. For some reason, he was not under suicide watch at the […]The post Market Morning: Epstein Dead, Mattel Gets Threatened, Greenspan Worried, Walmart Inflation appeared first on Market Exclusive.
Also featured: the prospects for a radio-station giant, a metals manufacturer, a troubled social media giant and more. Picks include Verizon Communications Inc. (NYSE: VZ). Avi Salzman's "How to Play the Trade War's Scary Next Phase" points out that what's even more dangerous than losing a trade war is thinking you can "win." Picks from Barron's for what comes next include Procter & Gamble Co (NYSE: PG).