Procter & Gamble (P&G) is widely regarded as a defensive stock. Defensive stocks are those that tend to perform relatively well during economic downturns or recessions. These companies typically offer essential products or services that maintain consistent demand even in challenging economic conditions.

As a leading consumer goods company, P&G manufactures a diverse range of household products, including personal care items, cleaning supplies, and healthcare products. These goods are considered essential items that consumers continue to purchase even during economic hardships. With expectations that the Fed may not have yet finished their rate hiking cycle is a defensive play sensible?

The seasonals for Proctor & Gamble are certainly very strong. Over the last 20 years, from June 13 to September 10, the company has gained 85% of the time with an average return of 5.26%. Is this a stock worth buying for the summer months?

Major trade risks: There are multiple risks in markets at the moment with the next Fed meeting a likely key driver for stocks. Also, there are individual stock risks for Proctor and Gamble.

HYCM clients can access the Seasonax product in order to analyse over 25,000 currency pairs, indices, commodities, as well as individual stocks. Please contact your account manager for a free trial. Certain products & services mentioned herein may or may not be available to all clients depending on which HYCM Capital Markets Group entity their trading account(s) adheres to.