When I was screening on Barchart for large cap stocks hitting the most frequent new highs it was no surprise to seeProctor & Gamble (PG) near the top of the list. This is a real "what you see is what you get" stock. I respect Value Line's analysis of stocks and have read them for years and this is one of the few stocks they rate 100 for both price stability and earnings predictability. This company is steady as a rock and for income investors it increases its dividend every year without fail. When I read the list of their stable of brand names it is had for me to imagine a supermarket without their products on the shelves. The store would look like a Publix in Miami the day before a hurricane hits -- lots of empty shelves.
- 80% Barchart technical buy signal
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 7.71% in the last month
- Relative Strength Index 71.73% and rising
- Trades around 65.88 with a 50 day moving average of 62.10
- Wall Street considers this a core position for both long term growth and income portfolios
- Never misses a dividend increase and pays a 3.3 % dividend
- Brokerage analysts currently have 12 strong buy , 7 buy, 6 hold and no under perform reports issued for their brokers to push to clients
- Sales are expected to increase by 4.30% this year and 5.90% next year.
- Earnings although expected to be down 4.10% this year are projected to increase by 8.60% next year and 8.94% annually for the next 5 years
- In December Goldman Sachs put out a recommendation that says this is a stock to own for the next 5 years
- Off the charts with over 9,000 readers of Motley Fool expressing an opinion on this one
- CAPS members vote 7,010 to 219 that the stock will beat the market
- The more experienced All Stars agree 1,787 to 21 for the same result
- Its hard to find a stock that 97% of the individual investors think will beat the market
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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