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PGCO34 trade ideas

PG The Procter & Gamble Company Options Ahead of EarningsIf you haven`t bought PG before the previous earnings: Then analyzing the options chain and the chart patterns of PG The Procter & Gamble prior to the earnings report this week, I would consider purchasing the 155usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $8.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:PGLong
by TopgOptions
P&G Quarterly Sales Fell Short of Wall Street EstimatesProcter & Gamble Co. ( NYSE:PG ) experienced a decline in its shares on Friday after the company reported quarterly sales that fell short of the expectations of Wall Street. The sales overshadowed an improved profit outlook for the company. The organic sales, which exclude the impact of acquisitions, divestitures, and foreign-exchange impacts, increased by 3% in the quarter that ended on March 31. This figure was lower than the 3.7% projected by analysts, and the shipment volumes were little changed from the previous year. The Chief Financial Officer, Andre Schulten, stated that the company has headwinds, which include challenges such as currency volatility, ongoing weakness in China, and the company's SK-II beauty brand. On Friday, P&G shares fell 0.8% at 10:39 a.m. in New York trading. The stock had advanced 7.3% this year through Thursday's close, outpacing the 5.1% gain of the S&P 500 Index. P&G's results for the fiscal third quarter show that shoppers are still spending more on essential goods. The company is set to boost its prices for the sixth consecutive year, helping the bottom line. The company now sees earnings, excluding some items, in the range of $6.49 to $6.55 a share in the current fiscal year. This is an increase of 12 cents from the previous forecast and above analysts' average estimate. However, this has come at the cost of lower volume growth. In North America, where P&G gets half of its revenue, third-quarter volume rose by 3%, slightly below the prior quarter's 4%. Organic sales are expected to be up 4% to 5% in the current quarter, according to Schulten, who spoke during a conference call. The gross margin, a measure of profitability, came in above estimates for the quarter. The company said its costs have fallen due to curtailed overtime at production lines and shifts to lower-cost ingredients. However, higher oil and diesel costs, along with pulp prices, may hurt results in the current quarter, Schulten said. Schulten said that consumer behavior is "really stable," and "the supply situation on the commodity side has eased after Covid." Still, geopolitical conflict has led to softer demand in certain regions. He said that the impact is limited to a few markets where the tensions are leading retailers to be hesitant to promote and merchandise heavily. He named Turkey, the Middle East, and Indonesia as seeing weaker demand. P&G posted higher-than-expected sales growth in its grooming division, which includes Gillette razors, citing higher prices in Europe and Latin America. Schulten said that business has been bolstered by total body shaving and intimate hair removal products, which P&G has targeted with shaving gels and Braun electric shavers for both men and women. The company's fabric-care business, which sells Tide detergent, also outperformed last quarter. Its health care and baby products divisions, however, came under pressure, with volumes dropping in both categories, the maker of Puffs said. P&G has struggled to expand sales in China, where it sells SK-II beauty products, amid weak consumer confidence. "The consumer is still a little bit shaken," Schulten said of China. "I think the market is coming back slowly. Will it be bumpy in the future? Yes, it won't be a straight line."
NYSE:PG
by DEXWireNews
PG slow and steady long term winner with earnings coming LONGPG on the weekly chart gained 15% in a year and had a dip in the past two weeks with earnings at the end of this week. PG persistently and consistently beats earnings estimates and pays a dividend. Moreover, it consistently has a bit of a surge after earnings. I see this as an opportunity to get a good stock on a 4% dip of a discount and hold it through earnings for perhaps a 10% profit in two weeks while also picking up the quarterly dividend. Some traders including those institutionally based believe that buying near to the middle line of the Bollinger Bands is a good entry for getting fair value. I am one of them.
NYSE:PGLong
by AwesomeAvani
Procter & Gamble Company (PG) Technical Analysis ReportAs we dissect the price action and technical indicators for Procter & Gamble (NYSE: PG), we note the stock's recent oscillation within a defined trading range, offering potential insights into its future trajectory. The chart attached, dated mid-April 2024, provides a tapestry of technical indicators against the backdrop of a dynamic market environment. Ichimoku Cloud Interpretation: PG's price is meandering around the Ichimoku Cloud, which suggests a state of equilibrium between buyers and sellers, as denoted by the confluence of the price action and the cloud's leading span B. This infers potential indecision in the market, with an inclination towards consolidation within the span's support and resistance levels. Fibonacci Retracement Analysis: The deployment of the Auto Fibonacci Retracement tool encapsulates a recent swing high at approximately $163.14 and a swing low at $154.69. PG's price has recently retreated from the 0.618 retracement level near $158.91, a critical juncture often associated with significant market support or resistance. The rebound off this level suggests underlying bullish sentiment, potentially setting the stage for an assault on the 0.786 retracement level at $161.13 should bullish momentum persist. Volume and Price Action: Notably, the volume profile has evidenced fluctuation, with spikes coinciding with price declines, potentially indicative of selling pressure. However, the latest candlestick formation has not been accompanied by a significant volume increase, which could imply a lack of conviction in the selling. Relative Strength Index (RSI) Observations: The RSI is hovering near the 44.53 mark, nestling in the neutral territory. This signals neither overbought nor oversold conditions, offering limited directional bias from an oscillator standpoint. Moving Average Convergence Divergence (MACD) Nuances: The MACD histogram reflects a negative divergence, yet the appearance of diminishing bearish momentum bars could suggest a weakening of the downward pressure. The MACD line and the signal line are threading closely, hinting at a possible impending bullish crossover should the bulls muster sufficient strength. On Balance Volume (OBV) Trends: The OBV line is holding steady, indicating a relative balance between buying and selling pressure, correlating with the price action observed within a trading range. Market Sentiment and News Impact: The chart reveals that PG is slated to release its earnings report in the near future. This event serves as a potential catalyst for volatility and could decisively influence the stock's direction depending on the outcomes relative to market expectations. Speculative Price Targets: In the realm of speculation and should the market respond favorably to the forthcoming earnings report, we could envision an upward excursion towards the $161-$163 band, aligning with the aforementioned Fibonacci levels and recent price peaks. Conversely, a bearish revelation could precipitate a descent towards the $155 zone, with further downside potentially exposing the stock to the $150 psychological threshold. In conclusion, the technicals for PG suggest a taut equilibrium, with latent potential for a decisive move post-earnings release. Traders may look to the Fibonacci levels for near-term price targets, with the Ichimoku Cloud offering a broader perspective on the prevailing market sentiment. Vigilance ahead of the earnings announcement is advised, as it could serve as a fulcrum for the stock's subsequent direction.
NYSE:PG
by AxiomEx
PG Growth Spurt: Buy Your Ticket to Profit!"## NYSE: PG - Procter & Gamble Company (The) **Short Fundamentals:** * **Market Cap:** $377.4 Billion USD * **Dividend Yield:** 2.39% * **P/E Ratio:** 26.38 * **52 Week Range:** $136.10 - $159.83 * **Current Price:** $160.40 (as of February 21, 2024, 4:03 PM PST) * **Industry:** Consumer Staples * **Company Description:** Procter & Gamble provides branded consumer packaged goods across various segments like beauty, grooming, healthcare, fabric care, and baby care. **Recent News:** * **February 16, 2024:** Peter Lynch published a quantitative stock analysis on PG on Nasdaq. * **February 15, 2024:** The Motley Fool article suggested considering PG as a passive income stock. * **February 14, 2024:** Peter Lynch also published a Guru Fundamental Report for PG. * **January 18, 2024:** PG paid its latest dividend. **Disclaimer:** * I am not a financial advisor and this information should not be considered financial advice. * Past performance is not indicative of future results. * Investing involves risk, and you could lose money. * Please do your own research before making any investment decisions.
NYSE:PGLong
by MoonTradingForecast
The case of "smelly ladies" advertisement !Read this latest news here There have been many cases of western brands that seems to make the mistake of no common sense in their advertisement , only to offer apology hereafter. What is their motive ? I dunno, could it be a reverse psychology strategy to get more hits and views ? Maybe........ But importantly, it has no bearings on its share prices. In fact, it is trending up and I think it offers a good opportunity now to go LONG !
NYSE:PGLong
by dchua1969
PG The Procter & Gamble Company Options Ahead of EarningsIf you haven`t bought PG here: Then analyzing the options chain and the chart patterns of PG The Procter & Gamble Company prior to the earnings report this week, I would consider purchasing the 150usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $2.84. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:PGLong
by TopgOptions