Why Is Clorox Stock at Its 52-Week Low While Procter & Gamble Stock Is Near Its 52-Week High?
So far, fourth-quarter 2021 earnings have been the story of haves and have nots. Take big tech, for example. Amazon and Alphabet had major beats, while Netflix and Meta Platforms suffered their worst single-day declines (in terms of market cap) in their respective companies' histories.
On Friday, Clorox's (NYSE: CLX) share prices plummeted 14.5% after the company reported worse-than-expected fiscal year 2022 (FY22) second-quarter results. By contrast, Procter & Gamble's (NYSE: PG) stock, another consumer staple company, is hovering around its all-time high as the company continues to put up impressive results in the face of sector-wide challenges.
Here's what separates P&G from Clorox and a look at how to approach investing in each stock now.
Source Fool.com
