Meanwhile, analysts have mixed feelings about Procter & Gamble stock. Financial bloggers’ opinions are 81% Bullish on PG stock, above the sector average of 64%. According to a TipRanks tool, financial bloggers look bullish about PG stock. Is PG Stock a Buy or Sell?Īs of now, Procter & Gamble stock seems like a decent option to invest in. The low beta of 0.16 also explains the low co-relation of PG stock with the broader market environment. Procter & Gamble also flaunts a very high dividend payout ratio of 61.34%. This major consumer goods company also provides a dividend yield of 2.55%, surpassing the sector average of 1.66%. With a market cap of $334.44 billion, the consumer staple company mostly deals in household and personal care products related to health care, beauty, family care, home care, and baby care. Procter & Gamble has built a very strong brand over the years and boasts impressive operational strength.
economy slipping into recession.Ĭonsidering the current market backdrop, let’s take a look at the following consumer staple stocks that have low betas and can provide investors with dividends along with diversification benefits. Moreover, the Fed’s latest super hawkish stance has increased concerns regarding the U.S. There seems to be no immediate respite for the tech sector amid lingering concerns about another interest rate hike by the Federal Reserve and other macroeconomic headwinds. This basket of tech stocks includes big-wigs like Microsoft ( NASDAQ:MSFT), Apple ( NASDAQ:AAPL), Tesla ( NASDAQ:TSLA), Amazon ( NASDAQ:AMZN), Nvidia ( NASDAQ:NVDA), and Alphabet ( NASDAQ:GOOGL) ( NASDAQ:GOOG), which have declined 19.8%, 9.8%, 23.9%, 19.9%, 51.8%, and 23.5%, respectively, so far in 2022. In fact, shares of all the popular members of the tech group, under the recently coined acronym MATANA, have fallen so far in 2022. Rising benchmark interest rates have weighed heavily on growth sectors such as technology. economic recession fears and the rising interest rate environment. Popular consumer staple stocks like The Procter & Gamble Company ( NYSE:PG) and The Coca-Cola Company ( NYSE:KO) can be your knights in shining armor amid the growing U.S.
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