5 Best Stocks to Buy for Investment

3. The Procter & Gamble Company (NYSE:PG)

Market Capitalization as of 2/15: $327.83 billion

EPS Growth Forecast Next 5 Years: 5.07%

The Procter & Gamble Company (NYSE:PG) is a consumer staple conglomerate whose stock has declined 8.31% year to date given various headwinds. For the second quarter of its fiscal year, The Procter & Gamble Company (NYSE:PG) had core EPS of $1.59 per share on sales of $20.8 billion, versus the consensus of $1.59 per share on revenue of $20.73 billion. Q2 gross margin declined 160 basis points versus one year ago.

The Procter & Gamble Company (NYSE:PG) CEO Jon Moeller said, “We delivered solid results in the second quarter of fiscal year 2023 in what continues to be a very difficult cost and operating environment. Progress against our plan fiscal year to date enables us to raise our sales growth outlook for fiscal 2023 and maintain our guidance range for EPS growth despite significant headwinds. We remain committed to our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption and an agile and accountable organization structure. These strategies have enabled us to build and sustain strong momentum. They remain the right strategies to navigate through the near-term challenges we’re facing and continue to deliver balanced growth and value creation.”

With a market capitalization of $327.83 billion, The Procter & Gamble Company (NYSE:PG) ranks #3 on our list of 10 Best Stocks to Buy for Investment.