Cranswick (OTCMKTS:CRWKF – Get Free Report) and Pilgrim’s Pride (NASDAQ:PPC – Get Free Report) are both consumer defensive companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, earnings, valuation, analyst recommendations, risk, institutional ownership and dividends. Analyst Ratings This is a summary of recent […]
10 Best Consumer Staples Stocks to Buy Now
The toilet paper shortages at the beginning of the COVID-19 pandemic drove a massive fear-induced shopping spree for consumer staples in early 2020. This drove the shares of consumer staples stocks to new but short-lived highs as a detailed look at consumer spending habits indicated that while some staples continued to sell like hot cakes, there were some others that decreased in demand. For example, financial research firm Fidelity has found that the sales of packaged food items increased in lockdown but skincare products experienced declines.
The highly consolidated nature of the consumer staples like beverages and household items is expected to drive the rise in demand for these commodities even as the coronavirus lockdowns become a distant memory. For example, The Procter & Gamble Company (NYSE: PG) has signaled that it is increasing the pricing on items it manufactures as supply chain issues because of the pandemic result in decreas