As a long-term investor, it's usually in your best interest to ignore the stock market's short-term volatility. Microsoft (NASDAQ: MSFT) saw its stock price decline over 25% so far in 2022. If a recession occurs in 2023 -- which many experts are forecasting -- Big Tech will likely take a hit because spending by consumers will slow.
The average brokerage recommendation (ABR) for P&G (PG) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Shares of Procter & Gamble (NYSE: PG) rose 10.8% in November, according to data from S&P Global Market Intelligence, as the consumer products giant benefited from a bullish outlook on its position in the market. Billionaire investor Nelson Peltz revealed that his Trian Fund had increased its stake in Procter & Gamble, though not by any significant size. Where it had previously owned 5,457 shares worth $785,000 -- Peltz's smallest holding -- the fund now owned 5,589 shares worth $706,000.