Name of opportunity: 👀
The Procter & Gamble Company
Bag this one for your investment portfolio: 🛍️:
The Procter & Gamble Company has been recently highlighted by analysts as a great blue chip stock for generating passive income. It’s stable, reliable and its dividends have been getting higher for the last 67 years - analysts are saying this is one for the long haul, to buy and hold onto.
The company has about 5 billion consumers around the world . It owns a staggering number of brands across the health and beauty sectors, as well as cleaning products and other home care items. These are just some of the reasons why, outside of its impressive financial performance, analysts say that it could be a good choice for those looking to gain passive income through their investments.
Still cooking up new products: 🍳
The company, which is 186 years old, has not slowed down with its range of smart new products, which tap into current consumer trends. P&G bought the aluminum free deodorant brand Native Deodorant in 2017 when the natural deodorant trend took off, and has continued adding new and limited edition scents. The P&G brand Clearblue now offers an innovative test that women can use at home to learn about their hormone levels during menopause.
How hot is this investment opportunity? 🔥🔥🔥
Procter & Gamble might be a sure and steady option, but analysts are also saying now might be an especially good time to buy. The company’s profits increased by a huge 16% last quarter.
The value of P&G has gone up 4.82% in the last month, and looks set to continue rising. Analysts say the price may increase over the next 12 months by 6.22%, meaning that investors would profit $62.19 on every $1000 they invest.
Which neme?: 🔍
The Procter & Gamble company can be found under our ‘Beauty’ neme as well as ‘Top Stocks for Recessions’.
