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Amid the volatility concerns, consumer staples stocks could be good bets considering the inelastic demand for their companies’ products. The S&P 500 Consumer Staples Sector Index has gained 14.1% over the past year and 5.4% year-to-date. Companies operating in consumer staples should grow substantially amid the potential market slowdown because consumers tend to panic and purchase such items in bulk quantities.
Given this backdrop, we think leading consumer staples stocks PepsiCo, Inc. (PEP), Costco Wholesale Corporation (NASDAQ:COST), Altria Group, Inc. (MO), and Sysco Corporation (NYSE:SYY) should be good additions to one’s portfolio.
