The consumer staples sector is often regarded as an abode of defensive stocks. It is one of the most trusted even when economic conditions are not congenial. Thus, adding stocks from this basket usually lends more stability to investors’ portfolio.
We believe impressive labor market scenario and rising consumer confidence will benefit consumer staples stocks in the near future. Notably, Trump’s latest tax policy is anticipated to provide a big push to consumer goods companies and boost their investments.
Among the numerous potential gainers, adding Hormel Foods Corporation (NYSE:HRL) to your portfolio will be a promising investment move at the moment. Over the last six months, shares of this Zacks Rank #2 (Buy) company have rallied 6.5%.
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Energizer Holdings, Inc. (ENR): Free Stock Analysis Report
Craft Brew Alliance, Inc. (BREW): Free Stock Analysis Report
Hormel Foods Corporation (HRL): Free Stock Analysis Report
Church & Dwight Company, Inc. (CHD): Free Stock Analysis Report
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Zacks Investment Research