Consumer staples are basic items that people need to live, such as food, shelter, and clothing. With that, consumer staples stocks are shares of publicly-traded companies that provide these essential goods and services. Consumer staples stocks tend to be less volatile than other types of stocks in the stock market, as people will continue to need these basic items even during economic downturns.
As a result, investing in consumer staples stocks can provide a measure of stability for an investment portfolio. Consumer staples stocks also offer dividend payments, which can provide income for investors. For these reasons, consumer staples stocks are often considered to be a safe investment. If this has you interested in investing in the consumer staples sector, here are two names to check out in the stock market today.
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