A blue-chip stock can fall too, but there's something comforting about having your money in a company with the fundamentals to endure the pain of a recession or broader market decline instead of what was supposedly the next big thing. Household goods conglomerate Procter & Gamble (NYSE: PG) might be the textbook example of a safe stock. You might not immediately recognize the name Procter & Gamble; it's a conglomerate that operates behind the scenes, selling its many brands under their designated name.
If you're looking for quality businesses that have multiple and durable tailwinds to generate future growth, here are two such stocks to consider adding to your buy list this month. With discretionary spending like travel remaining below pre-pandemic levels as consumers weigh every cost more carefully and the price of travel rises, it's not surprising that a stock like Airbnb (NASDAQ: ABNB) has seen a steady decline in recent months as other growth stocks have dipped to all-time lows. Unlike a traditional hotel chain, Airbnb's platform has many different sources of growth to tap into, even in the current environment -- including business travelers, temporarily remote workers, digital nomads, and vacationers.
CINCINNATI, October 04, 2022--Jon R. Moeller, Chairman of the Board, President and Chief Executive Officer of The Procter & Gamble Company (NYSE: PG) will lead the Procter & Gamble 2022 Annual Meeting of Shareholders on Tuesday, October 11, 2022 beginning at 12:00 p.m. Eastern Time. This year’s meeting will be held virtually via a live webcast at www.virtualshareholdermeeting.com/PG2022.