|Bid||124.82 x 900|
|Ask||125.13 x 800|
|Day's Range||124.77 - 126.79|
|52 Week Range||92.97 - 127.00|
|Beta (5Y Monthly)||0.38|
|PE Ratio (TTM)||79.20|
|Earnings Date||Apr 20, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||2.98 (2.39%)|
|Ex-Dividend Date||Jan 22, 2020|
|1y Target Est||129.05|
The same global economic volatilities that hurt Procter & Gamble’s earnings this quarter will likewise have an impact on other companies in the household and personal care space, according to an analyst at RBC Capital Markets.
Procter & Gamble teamed the original Old Spice Guy with his "TV son" to tout the brand's latest products in comedic commercials.
Procter & Gamble employs more than 8,000 people in the company’s Greater China market, which includes mainland China, Hong Kong and Taiwan. Operations include eight manufacturing plants and 11 distribution centers.
DOW UPDATE Powered by positive growth for shares of Intel and American Express, the Dow Jones Industrial Average is climbing Friday morning. The Dow (DJIA) was most recently trading 91 points, or 0.3%, higher, as shares of Intel (INTC) and American Express (AXP) have contributed around a quarter of the blue-chip gauge's intraday rally.
Procter & Gamble (NYSE: PG) released its fiscal year 2020 second-quarter results ahead of the opening bell on Thursday. The Cincinnati-based consumer products giant reported $18.2 billion in quarterly sales, a 5% increase over the previous year but short of the $18.4 billion consensus compiled by analysts who follow the company. P&G saw organic sales increases of 7% for the quarter in the beauty category (Olay and Pantene) and the health unit (Vicks and Crest).
Equities traded lower for most of Thursday's session amid fears of the spreading of a new strain of the coronavirus in China. Over night, the Chinese government quarantined the city of Wuhan, a metropolitan area with the population of New York and Chicago combined. Travel authorities in Macau scrapped plans for the Chinese Lunar New Year celebration. However, stocks were able to muster some momentum late in the session and close well off the lows of the day.Source: Provided by Finviz * The S&P 500 eked out a gain of 0.11% * The Dow Jones finished lower by 0.09% * The Nasdaq Composite added 0.20% * In the "you don't see this everyday" category, Boeing (NYSE:BA) was among the Dow's best-performing names today, jumping 2.8%Over the course of this week, I've been highlighting various earnings reports from Dow components and pointing today as a particularly busy day on that front. Procter & Gamble (NYSE:PG) was among the Dow's dogs, but not to be outdone, Travelers Companies (NYSE:TRV) tumbled 5% after its earnings report. That easily made the insurance company the worst-performing name in the Dow Jones today.Not to diminish the importance of Procter & Gamble and Travelers, but they aren't the biggest names in the Dow and the blue-chip index was able to mitigate losses due to contributions from Boeing and some of its other larger components, including some tech stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn late trading, 13 of the 30 Dow members were in the green. Boeing: Believe ItBoeing has been an easy mark for negative commentary in recent months and the company is to blame for that. However, for one day at least, the stock got going in the right direction. Boeing CEO David Calhoun still has plenty of work to do to restore airlines' and employees' confidence -- it's going to be a long road on both fronts -- but it appears the new CEO is at least being forthright about where the company is at today. * 7 Healthcare Stocks With 100% Street Support In comments out Wednesday, Calhoun said there isn't a chance that the 737 Max passenger will never fly again."Even the [Federal Aviation Administration] has a lot of confidence in this airplane," he said.He expects production of the controversial jet will restart over the next couple of months, but efforts to get the plane in the sky again revolve around the FAA making that call and pilots regaining faith in the safety of the plane. Microsoft on the Prowl?Microsoft (NASDAQ:MSFT) hasn't been mentioned here in a bit, but there's good reason to change that today and not just because the stock was among the Dow winners.As is often noted in relation to Microsoft, through its Azure unit, the company is increasingly a dominant force in the cloud computing market. To Microsoft's credit, much of Azure's rapid growth has been organic, but sometimes bolt-on acquisitions help, too.In a note to clients today, Piper Sandler analyst Brent Bracelin highlighted a slew of companies Microsoft could acquire to bolster its cloud unit. It's speculative at this point, but all of the ideas with the exception of one would be easily digestable for Microsoft. More EarningsIntel (NASDAQ:INTC) reports earnings today after the close. Given how much the stock has run up in recent days coupled with the tepid reaction to Texas Instruments (NASDAQ:TXN) fourth-quarter results, some caution with Intel may be warranted over the near-term though the stock was one of the better Dow performers today. * 10 Recession-Resistant Services Stocks to Buy American Express (NYSE:AXP) nudged higher today in advance of its fourth-quarter report Friday before the bell. Analysts expect the credit card company to earn $2.01 a share on revenue of $11.37 billion for the December quarter, compared with earnings of $2.32 on revenue of $10.47 billion last year. Bottom Line on the Dow Jones TodayWith earnings season moving along, here's an interesting negative/positive (N/P) ratio that may not be getting enough attention."For 19Q4, there have been 77 negative EPS pre-announcements issued by S&P 500 corporations compared to 35 positive, which results in an N/P ratio of 2.2 for the S&P 500 Index," according to Refinitiv. That sounds bad, but that 2.2 is below the long-term average of 2.7.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Stocks That Cautious Investors Should Sell Now * 7 Healthcare Stocks With 100% Street Support * 3 Chinese Stocks to Buy, Sell, or Play from Either Side The post Dow Jones Today: Coronavirus in Focus, But Doesn't Derail Stocks appeared first on InvestorPlace.
Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China. Health officials in China put millions of people on lockdown in efforts to contain a coronavirus outbreak that has so far claimed 18 lives, but the World Health Organization (WHO) announced it was "a bit too early" to declare the virus a global health emergency. Additionally, a spate of earnings reports, while beating Street estimates in many cases, have failed to impress investors.
Quarterly earnings results from Comcast, Southwest, American Airlines, and more. And a look at why Pure Storage, Inc. (PSTG) is a Zacks Rank 1 (Strong Buy) stock right now, as it trades under $20 a share...
Procter & Gamble's (PG) bottom line beats estimates in second-quarter fiscal 2020, while sales miss. Adjusted free cash flow productivity increases to 100%.
Shares in P&G were flat in early trading. A slowing global birthrate has hit P&G and competitors like Huggies diapers maker Kimberly-Clark , particularly in China and the United States. Premium baby-care sales in China are up 20-30% so there are still opportunities despite the slow birthrate, Chief Operating Officer Jon Moeller said on a post-earnings call.
The ECB today has decided to keep its deposit rate of -0.5% and refinance operations of 0.0% unchanged, in order to further coerce inflation to track with analysts' target.
The Dow Jones industrials fell as many as 200 points on spreading virus fears and earnings results. Tesla was downgraded.
Tyson Foods (TSN) is focused on enhancing portfolio to capitalize on the rising demand for protein-packed products. However, rising input costs are a concern.
U.S. stocks opened lower on Thursday as investors watched China's efforts to contain the coronavirus's rapid spread in Asia. The S&P 500 was down 0.2% to 3,316. The Dow Jones Industrial Average shed 117 points ,or 0.4%, to 29,069. The Nasdaq Composite edged 0.1% lower to 9,372. So far, Chinese officials have announced that three cities including Wuhan have been locked down, preventing residents from leaving. On monetary policy, the European Central bank announced it would keep interest rates unchanged, but ECB President Christine Lagarde said downside risks to the outlook were less pronounced than before. In company news, shares of P&G were down after the consumer-products company reported a fiscal second-quarter profit above analyst expectations. Shares of Dow-component Traveler's also fell after its earnings and revenues topped Wall Street estimates.
Fears around the coronavirus grew stronger as the number of cases rose and China shut down travel from a city of 11 million people. Asian markets got hit pretty good last night, with the market in Shanghai down nearly 3%. Now some of that negativity appears to be crossing the Pacific, judging from weakness in pre-market trading here in the U.S.
Procter & Gamble stock is under a bit of pressure Thursday, after the consumer-products icon reported its fiscal-second-quarter results. Here's how to trade PG now.