In this video from Friday's Investor Beat, host Chris Hill and Motley Fool Million Dollar Portfolio analyst Ron Gross separate the signal from the noise in the biggest investing stories from the market today.

Shares of Procter & Gamble (NYSE:PG) were up today after the company reported what looked by all accounts to be very mediocre quarterly results. Sales were flat year over year, and profits actually fell by 16%. So why the market enthusiasm? In this segment, Ron discusses how Procter & Gamble benefited from the expectations game this quarter, and discusses the future of P&G and its stock. As a very mature company without a lot of growth ahead, Ron likes it as the ultimate stable dividend payer for income investors, but says it won't be one to bet on for those trying to beat the market.