Why I'm Watching Procter & Gamble Stock After the Earnings Report
Procter & Gamble (NYSE: PG) has become a hot stock to watch in recent weeks. The changes in consumer behavior brought about by the COVID-19 pandemic have sparked renewed interest in many of the consumer staples for which the company has become known.
Now, with earnings season having just begun, many investors will likely look for any glimpse of how this crisis affects earnings. As some consumer staples saw a surge in sales, these companies can buck the trend of economic decline with widespread store closures and millions of people out of work. However, Procter & Gamble's earnings may at best offer a limited view of what will come for investors.
Coronavirus has caused products such as toilet paper and hand sanitizer to fly off the shelves. In this environment, one might expect a company like P&G to outperform.
Source Fool.com
