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

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

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

January 22, 2020 1:47 PM EST

Susquehanna options strategist Alison Edwards notes call buying activity in Procter & Gamble (NYSE: PG), as an investor bought 4k of next weeks Jan31 127 Calls for up to $1.49, implying an upside bias ahead of next Fridays expiration (1/31/20). PG reports tomorrow, while other key... 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