Consumer Staples Stocks
Consumer staples are companies that produce basic necessities people buy every day. This includes businesses that specialize in the manufacturing or distribution of food and beverages, personal hygiene, and more. These companies are generally considered noncyclical and will enjoy growth independent of wider economic circumstances. Procter and Gamble, Coca-Cola, and General Mills are some of the major players in the sector.
However, investors sometimes search for more daring options that offer future massive return potential.
For example, utilities, healthcare, and non-cyclical industries cushion investor portfolios because their business is a staple regardless of the economic cycle.
Undervalued stocks are not just found in older industries; rather, many can be found in emerging spaces as well.