Proctor & Gamble (PG US) $US150.03

Overnight PG was the best-performing Dow stock, closing up +2.6% following a 1^st quarter earnings beat, they enjoyed $US21.87 billion in revenue which dropped to a net profit of $US4.52 billion, a beat of ~6%. Overall, a great result even as higher prices drove some consumers away, with volume falling for the 6^th consecutive quarter, i.e.  PG have consistently raised prices, pushing some people to discount brands. CEO Jon Moeller summed up the mood by saying, “We’re happy with where we sit currently”.

• We like PG on several levels, targeting fresh highs or ~15% upside into 2024.