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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (770)	1/20/2022 4:40:49 PM
From: chowder	4 Recommendations Recommended By INCOGNIT0$ marsdon Menominee rnsmth Read Replies (1) \| Respond to of 21823

Re: Young Folk Portfolio ... Add on Buys Today I added to PG and MA. I added to PG based on their strong performance as they announced a beat and raise while guiding higher and suggesting organic growth was strong. Procter & Gamble CEO: Strong demand, pricing power drove results Jan. 19, 2022 9:39 AM ET The Procter & Gamble Company (PG) By: Brian Stewart, SA News Editor Joe Raedle/Getty Images News Procter & Gamble CEO Jon Moeller said Wednesday that the consumer product maker's better-than-expected quarterly results came about because of strong demand and pricing power. "Demand has continued to be strong," the head of Procter & Gamble (NYSE: PG) told CNBC.Moeller's comments followed the release of P&G's ( PG) latest quarterly results, which showed a non-GAAP EPS figure that topped expectations by a penny. Revenue rose 6% to $20.95B -- beating expectations by over $600M. The company also raised its organic sales growth figures, saying it now expects an increase of 4%-5% for the full year. Previously, the firm had projected growth in the 2% to 4% range. In discussing the upbeat sales projection, Moeller highlighted the fact that half of its increase in organic sales came from higher prices, while the other half was driven by increased unit volume, a signal of strong demand. He also noted that the firm's ability to raise prices didn't just reflect the current inflationary environment. Rather, the firm had extra pricing power from its commitment to innovation. "When you have a business model that's founded on innovation, that provides higher levels of delight, that solves problems better for consumers, you're able to charge a little bit more," he said. ----------------------------- With MA I simply went with the analysts consensus view that it is a Buy. Jefferson Research -- Buy Argus -- Buy The Street -- Buy CFRA -- Buy Credit-Suisse -- Outperform Reuters -- Outperform Tip Ranks Analysts -- Strong Buy with 12 analysts Bullish, 0 Neutral and 0 Bearish Wall Street Analysts -- Bullish with 32 analysts Bullish, 5 Neutral and 0 Bearish Given its overall consensus that it's a Buy, it qualified as an add on even though MA is already overweight. It is now close to a 2x sized position and is set up on dividend reinvestment as well.