Procter & Gamble (PG-N)

Trades at 25x PE and still likes it. Pays a 2.5% dividend. Maybe 3% growth. Good overall.

It yields 2.5% and shares are up 15% in the last 6 months. Don't chase this, but he likes it.

He saw in their report huge sales past quarter, exploding gross margins while their costs have slid. But shares fell in today's opening. Stupid.

Wait till they report earnings next week. He expects sell-off the week after. Buy then.

Pays a 2.34% dividend yield. Shares are up 12% in 12 months, but lags the S&P since March 2020. Staples don't do well outside a recession. The stock has done merely okay.

They report Tuesday. He doesn't see a blowout, because the US dollar has gotten strong and that dollar strongly determines PGH's profits, given their overseas business. If shares get hammered, buy. This is a dividend aristocrat.

His theme for today is that he's really not that hot on the consumer. Of the whole economy, the consumer sector is the most exposed. Though a great company with a lot of good products, branded products tend to suffer when consumers are stretched. Growing about 3-5% revenue, 7-9% on earnings, trading at 23x. Pass. Better opportunities elsewhere.

Wonderful brand names. He's been reducing client holdings, based on results. Raising prices along with inflation, but volume numbers are actually negative. Higher prices are not sustainable. He wants both price and volume increases.

Yields 2.56%, which is relatively low, since interest rates are high in the US. This needs to correct before considering it.

The beat on sales despite raising prices by 7% YOY and have paid dividends and bought back shares. Remember that PG has been wiped out by higher commodity and transportation costs. Impressive. Posted 7% organic sales growth. They predict a $800 million windfall due to the costs of raw costs falling. They boast powerful brands.

Consumer and packaged food stocks can keep rallying. As we approach another debt-ceiling crisis, these stocks are good places to invest in. The whole sector. They are resilient. People take comfort in their favourite brand, from Campbell's soup to Hershey's chocolate. Consumers still buy them despite higher prices. Supply chain problems have been solved and freight costs have fallen, too. Raw costs like paper (cardboard) are falling, though such companies have existing purchase contracts. There's still room to run.

They just beat top and bottom lines and raised guidance. They have pricing power. 55% of business is done overseas and the USD has been weakening.

Has done exceptionally well. Defensive, high valuation, so his preference would be UN. Watch and wait for a pullback.