Diamonds and Dogs

1/19/22

P&G (PG) remains strong. P&G is up 4% near the highs for the year following earnings. Revenue rose 6% to $20.95 billion. The pandemic has been marked by brisk demand for household products and cleaning products. Due to higher costs, P&G has raised prices, but so far consumer demand remains strong.

Profit-taking in Ford (F). The automaker has nearly doubled since September; however the stock is pulling back 7% as the chip shortage remains a problem for the auto industry. Ford did disclose an $8.2 billion gain from an equity investment in the electric truck maker, Rivian (RIVN) following their November 10 IPO. Not bad.

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