By Marc Lichtenfeld The recent plunge in the stock market triggered by the COVID-19 outbreak is likely due to fears that corporate profits will fall off a cliff as individuals and businesses drastically cut spending.
But if you’ve been in a supermarket lately, chances are you’ve bought (and maybe hoarded) some Procter & Gamble (NYSE: PG) products.
Its brands include Charmin, Pampers, Tide, Crest and Pepto-Bismol – all things that people don’t want to chance being without in a time of crisis.
Less crisis-driven household name brands under Procter & Gamble include Old Spice, Swiffer, Dawn and Febreze.
These are staples that most households buy throughout the …read more
