This translation has been automatically generated and has not been verified for accuracy.A broad rebound in U.S. stocks is leaving behind shares of some supermarkets, household product makers and other staples companies that provided a haven in last month’s coronavirus-fueled selloff.
But the sector could stall if investors believe that unprecedented stimulus efforts from the Federal Reserve and more than $2 trillion in government bailouts can help the economy recover quickly from the damage caused by the lockdowns that have accompanied the coronavirus. Pavlik manages portfolios at SlateStone that have shares of Procter & Gamble and Costco Wholesale but are slightly underweight the sector.
While sales of some products could slow if fears related to the pandemic subside, even some growth could make the group a standout in a downturn, said Arun Sundaram, an equity analyst at CFRA Research. His firm rates the staples sector “overweight.”
globeinvestor That's certainly not a staple for me...!
globeinvestor Not the Honey Nut Cheerios!
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