Hot Take: Procter & Gamble Could Underperform the S&P 500. Here's Why.
It appears increasingly likely that the U.S. economy is heading for a recession. Analysts expect a 6 percent year-over-year decline in the S&P 500's earnings for the first quarter of 2023.
During these challenging times, investors can flock to defensive, recession-proof companies like Procter & Gamble (NYSE: PG). The stock is up 20% over the past six months.
But there's an argument that such a popular, safe stock like Procter & Gamble could hurt your portfolio. Here is why investors should think twice before buying shares.
Source Fool.com
