economy

February 4, 2026

We scooped up P&G when it was hated. Now that it's rallying, we need to change our rating

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

We scooped up P&G when it was hated. Now that it's rallying, we need to change our rating

TL;DR

  • Technology stocks, including Microsoft, Salesforce, and Advanced Micro Devices, faced significant selling pressure.
  • The decline in tech was driven by weakness in enterprise software and semiconductor stocks, with AMD falling sharply after earnings.
  • A market rotation into energy, consumer staples, and materials stocks provided a counterpoint to the tech selloff.
  • Procter & Gamble shares have rallied approximately 10% year to date, benefiting from this rotation.
  • The consumer staples sector index has increased nearly 13% year to date, outperforming the S&P 500.
  • The article downgrades Procter & Gamble to a hold-equivalent rating due to its recent run-up.
  • Upcoming earnings reports from Alphabet, Arm Holdings, Qualcomm, and others are mentioned.

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