Today Is a Great Day to Buy Procter & Gamble Stock
The stock market on Thursday flew past the 20% decline that traditionally marks the end of a bull market and finished the day roughly 26% down from record highs just a month prior. Many individual stocks have fallen far more than that over the course of the past month. The economic news looks menacing, with the World Health Organization officially declaring the novel coronavirus outbreak a pandemic.
Whatever path COVID-19 (the disease caused by the coronavirus) travels from here, it's clear that most industries will see at least a short-term impact from consumer efforts to limit their activities. But that doesn't necessarily mean stocks are now bad investments, even if volatility is likely to be elevated going forward.
With that big picture in mind, let's look at why Procter & Gamble (NYSE: PG) looks even more attractive after its latest stock price decline.
Source Fool.com
