1 Green Flag and 1 Red Flag for Procter & Gamble

Procter & Gamble (NYSE: PG) investors don't fear a recession as much as owners of other companies might. The consumer staples giant owns dozens of brands in essential categories, like hair care and laundry detergent, that don't tend to decline when economies tighten. With that in mind, let's look at a key reason for optimism about P&G's stock, along with one factor that should have investors worried.