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 (HRL - Free Report) 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%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 (HRL - Free Report) 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%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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