We're buying the recent drop in a recession-resistant stock that started the year hot
By Jeff Marks
Published on March 11, 2026.
We're buying 25 shares of Procter & Gamble (PG) at roughly $152, following the release of 400 million barrels of oil by the International Energy Agency, which should give the crude market some time to stabilize. The purchase will increase PG's weighting to about 1.8% from 1.65%. This comes as the S & P Short Range Oscillator is oversold, marking the first time since April 2025 that such a move often signals excessive selling pressure and overly negative sentiment in the market. Since the outbreak of the Iran war, consumer staples have been heavily scrutinized due to concerns that higher gas prices could limit consumer spending. However, with sentiment now normalized, we're upgrading the stock back to its 1 rating and using this pullback as an opportunity to repurchase half of what we sold last month.
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