In August 2024, P&G shares were attracting a larger group of buyers as investors were preparing for an increase in volatility. The company’s stock has long been known as a “safe harbor” stock based on their stability in changing economies.

Unusual total active option classes on open include: Oracle ( ORCL ), tempus AI Inc Class A ( TEM ), Recursion Pharmaceuticals ( RXRX ), Arm Holdings PLC (ARM), Mosaic ( MOS ), XP Inc (XP), Procter & Gamble ( PG ), Ally Financial (ALLY), Dell Technologies (DELL), and Arista Networks ( ANET ).

The organic sales gain included a 3% increase for the Health Care segment. Oral Care organic sales increased low single digits, driven by product mix from premium innovation. Personal Health Care organic sales increased low single digits due to volume growth and pricing, partially offset by unfavorable product mix.

Market participants were in full risk-on mode Wednesday as an AI-fueled rally in big tech stocks and a batch of upbeat corporate earnings sent stocks to fresh highs. Tech stocks dominated the list of biggest gainers after President Trump unveiled The Stargate Project,

Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson falls after mixed guidance.

Barclays analyst Lauren Lieberman maintained a Hold rating on Procter & Gamble (PG – Research Report) today and set a price target of

Johnson & Johnson (NYSE: JNJ) stock fell 1.5%, weighed by a hefty dip in sales of its blockbuster psoriasis treatment Stelara, even as the pharmaceutical firm posted better-than-expected fourth-quarter adjusted earnings and sales.

The Cboe Options Exchange (CBOE) saw more than 2.4 million call contracts and over 1.1 million put contracts exchanged on Tuesday. The single-session equity put/call ratio rose to 0.46 and the 21-day moving average remained at 0.61.

The Wall Street major averages advanced on Wednesday, with Nasdaq Composite (COMP:IND) in particular getting a big boost from Netflix (NFLX). The streaming giant popped after announcing robust quarterly results.

Earnings season is in full swing as companies report Q4 earnings results. According to Bloomberg Intelligence, analysts estimate S&P 500 earnings to grow 7.5% y/y in Q4, the second-highest pre-season forecast in the past three years.

The Dow Jones Industrial Average rose 111.36 points, or 0.25%, to 44,136.46, the S&P 500 gained 40.88 points, or 0.68%, to 6,090.12 and the Nasdaq Composite gained 252.60 points, or 1.28%, to 20,009.69.