Consumer staples are the necessities that people buy to get by on a daily basis. Some of them are foods, drinks, tobacco, home goods, and toiletries. Consumer staples are in high demand all year long since consumer equities are considered to be non-cyclical by nature. For investors looking for reliable long-term income and returns, consumer staples companies are a smart choice. Due to their capacity for making profits, consumer staples businesses typically have higher profitability than those in other sectors. It can be a good idea for investors to maintain a diversified portfolio across various equities and industries given the current state of the economy.
Insider Monkey highlights the 11 best consumer stocks to buy now. One of the top manufacturers and distributors of premium skin care, cosmetics, fragrance, and hair care goods is The Estée Lauder Companies Inc. Over 150 different countries have customers for the company. The stock represented 1.59% of the holdings in the iShares Global Consumer Staples ETF as of September 22. Food and drink producer Mondelez International, Inc. It operates a network of manufacturing facilities across Latin America, North America, Europe, the Middle East, and Africa. Additionally, the business reported solid Q2 earnings, outperforming analysts’ expectations with an adjusted EPS of $0.67. Cigarettes, wine, and other tobacco products are all produced and sold by Altria Group, Inc. As of September 25, the yield on the company’s shares was 9.02%. The stock represented 2.27% of the holdings in the iShares Global Consumer Staples ETF as of September 22. 2,726 supermarkets are run by The Kroger Co. across 35 states and the District of Columbia. The company’s revenue for the second quarter totaled $34.64 billion, up 9.3% over the same period last year. Consumer goods company Colgate-Palmolive Company, reported a normalized EPS of $0.72 for Q2 2022. With a second quarter revenue of $4.48 billion, the corporation outperformed revenue forecasts by $130 million. For more details, click the 11 Best Consumer Stocks To Buy Now.
