Near-Term Call Buying Activity in Procter & Gamble (PG) Targets 'Upside Bias' in Shares Ahead on Earnings Tomorrow -Susquehanna

Stifel Reiterates Hold Rating on Procter & Gamble (PG)

January 24, 2020 8:00 AM EST

Stifel analyst Mark Astrachan reiterated a Hold rating and $119.00 price target on Procter & Gamble (NYSE: PG) following the company's 2Q earnings report. P&G grew organic sales by 5%, comprised of 3% volume growth, 1% mix, and 1% price. P&G reported solid organic growth in its two... More

Procter & Gamble (PG) Tops Q2 EPS by 5c, Revenues Miss; Raises FY20 Sales Growth & EPS Growth Outlook

January 23, 2020 7:02 AM EST

Procter & Gamble (NYSE: PG) reported Q2 EPS of $1.42, $0.05 better than the analyst estimate of $1.37. Revenue for the quarter came in at $18.2 billion versus the consensus estimate of $18.37 billion.

We delivered another strong quarter of organic sales growth, core earnings per share and cash returned to shareowners, said David Taylor, Chairman, President and Chief Executive Officer. Our strong first half results enable us to further increase our outlook for the full fiscal year across each of these metrics and to increase our commitment of cash return to shareowners. Our focus... More

Proxy solicitor Morrow Sodali hires Schulman from MacKenzie

January 22, 2020 11:35 AM EST

By Svea Herbst-Bayliss and Jessica DiNapoli

BOSTON/NEW YORK (Reuters) - Proxy solicitor Morrow Sodali this week hired Paul Schulman from rival MacKenzie Partners, a prominent shakeup in the tight-knit world of vote-counting for corporate battles.

Schulman will be co-head of Mergers & Acquisitions, Activism and Contested Situations along with Michael Verrechia, a Morrow veteran, according to his LinkedIn profile and two sources who could not speak publicly about the personnel matter.

A spokeswoman for Morrow, which worked with Newell Brands... More

'Death Cross,' growth abroad threaten U.S. dollar

January 22, 2020 1:05 AM EST

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) - Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump.

Dollar bullishness in future markets stands at its lowest level in more than a year-and-a-half, according to the most recent data from the Commodity Futures Trading Commission measuring the net dollar amount of bets on a rising greenback.

Analysts at Bank of America Merrill Lynch say the dollar triggered a so-called "Death Cross" on the last day of 2019. The bearish technical formation... More

Procter & Gamble (NYSE: PG) straddle into EPS and outlook

January 20, 2020 4:12 AM EST

Procter & Gamble (NYSE: PG) January weekly 126 straddle priced for a move of 3% into the expected release of quarter results before the bell on January 23

... More