🛒 Can P&G Expect Consumers To Keep Buying?

Twitter re-examines Musk's bid.

Hey Global Investor! Here's what you need to know before the US markets open.

Market Snapshot 📈

S&P 500 (Friday's Close) 4,271.78 -121.88 (2.77%)

NASDAQ (Friday's Close) 12,839.29 -335.36 (2.55%)

FTSE 100 (4:30 PM IST) 7,363.27 -158.41 (2.11%)

NIFTY 50 (Today's Close) 16,953.95 -218.00 (1.27%)

USDINR (4:30 PM IST) 76.71 (1 Year +2.47%) 

---

🔥 Top Movers

UVXY +18.20%
AMYT +14.60%
VIXY +12.50%

BBAI -27.54%
HCA -21.82%
GPS -17.98%

---

🛒 P&G: The Inflation Gamble?

Consumer products giant Procter & Gamble Co. (PG) reported its biggest organic sales growth on record. However, inflation and economic uncertainty loom large in the background. It took P&G a decade to recover from one economic downturn. Can it withstand another?

Increased Prices? No problem!

Consumer prices in the US have shattered 40-year records as they climbed 7.5% in January, 7.9% in February, and 8.5% in March. The Producer Price Index ended 2021 with a reading of 9.7%, the highest calendar-year increase ever since data began to be reported in 2010. Companies such as P&G felt the impact even before the official figures were reported, owing to their proximity to consumers.