PG - Is It Time to Buy the Dow Jones' 2 Worst-Performing December Stocks?
2024-01-05 08:34:00 ET
The Dow Jones Industrial Average holds 30 stocks that roughly represent the broader U.S. economy. There were some big winners to close out 2023, with Walgreens (NASDAQ: WBA) leading the pack up a huge 30% in December.
But the two biggest disappointments in December were Procter & Gamble (NYSE: PG) and Disney (NYSE: DIS) , which both lagged the index's 4.5% gain and were both in the red for the month. Is that an investment opportunity?
Procter & Gamble's shares fell roughly 4.5% in December. That's a big nine percentage points behind the Dow's gain. It caps a year in which the stock basically went sideways, down roughly 3% for the full 12-month span. Some might consider that dead money, but there are some things to like about the consumer staples giant.
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Is It Time to Buy the Dow Jones' 2 Worst-Performing December Stocks?