The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin helps investors answer the question: Should I buy Procter & Gamble today? The simple answer is yes. Procter & Gamble is a great long-term buy-and-hold story, but there is one consumer goods company Austin likes a little more. And coupled with one potentially damaging macro factor, perhaps Procter & Gamble is not the best company in this space right now.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Clorox and Johnson & Johnson. Motley Fool newsletter services recommend Johnson & Johnson, Procter & Gamble, and Unilever. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.