5 Consumer Staples Stocks to Buy for a Stable Portfolio

Published on 28 May 2024 on Zacks via Yahoo Finance

5 Consumer Staples Stocks to Buy for a Stable Portfolio

U.S. stock markets have seen an impressive rally in 2024 barring an April setback. This strong performance continues after an astonishing rally in 2023. However, several key economic data from April indicate that the U.S. economy is cooling.

The Department of Commerce reported that U.S. GDP grew at a 1.6% annualized rate in first-quarter 2024, well below the consensus estimate of 2.5%. Moreover, the Institute of Supply Management (ISM) reported that both manufacturing and services PMIs (purchasing managers’ index) contracted in April.

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5 Consumer Staples Stocks to Buy for a Stable Portfolio

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