3 Consumer Staples Stocks I’d Buy Right Now
In the wake of a market shattered by the coronavirus contagion, it’s tough to start looking for new investment opportunities. At best, the economic echoes of mothballed businesses will ring for months, and at worst, we have no idea when COVID-19 will be nothing more than a memory. Uncertainty undermines the market’s perceived value about as much as poor earnings reports can.
This is, however, the time to be looking for bargains rather than looking for an escape from stocks. As Warren Buffett has repeatedly explained, be fearful when others are greedy, and greedy when others are fearful.
To that end, investors have proverbially thrown the baby out with the bathwater, dumping consumer staples names almost as indiscriminately as they’ve shed industrial names, even though staples are proven survivors. In fact, they may even benefit from prolonged worries that will keep people holed up in their homes for the foreseeable future. In the meantime, a bunch of these companies have already benefited from hysterical buying of consumables like toilet paper and cleaning supplies.
Here are three such names to scoop up before everyone else realizes their collective mistake.
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