Can the Consumer Staples Sector Steady Your Portfolio? April 6, 2021
With so much talk about the reflation trade and cyclical stocks coming back into focus, defensive sectors like consumer staples are lagging.
However, conservative investors and retirees can find opportunities with assets like the
XLP seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in the Consumer Staples Select Sector Index that includes securities of companies from the following industries: food and staples retailing; household products; food products; beverages; tobacco; and personal products.
“Consumer staples stocks have significantly lagged behind the broader market’s rally over the past year. Now is a good time to scoop up those stocks, according to Morgan Stanley,” reports Jacob Sonenshine for
Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
You will rarely, if ever, buy a stock at the very bottom (or sell one at the very top), so the best you can do is try to get in when share prices look reasonably attractive. That s where I think
Kellogg (NYSE:K) stock is today.
Granted, I expect the price to drop some more in 2021, but I ll just sit tight and let the dividends reinvest while I wait for a long-term business improvement to take shape. Here s why you might want to do the same.
Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
It wasn t too long ago that consumer goods giant
Procter & Gamble (NYSE:PG) was considered down and out, struggling to turn its business around. That effort started to pay off before 2020, but it got a real shot in the arm in the third quarter thanks to the fast-spreading coronavirus pandemic. Looking forward, will P&G keep winning in 2021?
2020 ended up being a good year
The consumer staples area isn t exactly known for being an exciting sector of the market, but in 2020, companies that made things like toilet paper, cleaning products, and personal care items put in a fairly strong performance. Thank the novel coronavirus for that, as people spent more time at home and heightened their cleaning regimens. Procter & Gamble did better than many, gaining roughly 11% or so compared to a roughly-7% gain for