Earnings, Stocks, And Inflation (Podcast)
Bloomberg Intelligence
00:00
Is There a Downturn in the Economy?
Anurag: P&G has such a wide range of price points across key categories and big brands that they're able to capture the consumers. Adobe had their analyst day last night, so they gave guidance for 2023. And, you know, in our view, they talked about softness in some of their business but the stock reaction tells me that the buy side probably was expecting a lot worse than what they said. It's down 56% from its peak ever since they announced the Figma deal, it's down over 22%.
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