With volatility persisting in the stock market, and fears of a recession continuing to fester, some investors are likely looking to gravitate towards defensive investments. And to some extent, consumer staples stocks may fit the bill.
For the uninitiated, these stocks comprise of companies making essential products used by consumers on a daily basis. This would include the likes of packaged foods, household goods, and hygiene products. Even as prices remain elevated, these products will always be a priority in the shopping carts of customers. Hence, it sees relatively constant demand compared to its discretionary counterparts.
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