Consumer staples stocks have been on the rise in recent months. Several catalysts on the horizon could keep the momentum going through year's end.
Consumer staples stocks had a slow start to the year, but
have been gaining momentum in recent months, thanks in part to a third round of
stimulus checks issued to Americans in March.
According to S&P Dow Jones Indices, the S&P 500
Consumer Staples Index is up 13.8% since its March lows. And while that's
certainly slower growth than what the sector experienced last year during the
height of the pandemic, there are tailwinds on the horizon – including
back-to-school shopping and direct child tax credit payments – that could keep
the momentum going for consumer staples stocks.
Not to mention, there's always a place in a well-constructed
stock portfolio for a few defensive plays that are less cyclical in nature.
With that in mind, here are 12 consumer staples stocks to
watch for the rest of 2021. The names on this list have either performed well
in 2021 and appear poised to continue to do so over the back half of the year,
or have underperformed year-to-date but look ready to take off.
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