Jim Cramer says he likes these 5 consumer staple stocks in 2023

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

With the central bank looking unlikely to pivot anytime soon, fears are mounting on Wall Street that a recession could be in the cards for next year.

Such economic conditions could fare well for consumer staples companies, which tend to perform well regardless of economic turbulence since consumers tend to buy necessities like food and household products no matter what.

Consumer staple companies will "be able to keep putting up solid earnings growth even as most other industries will experience down numbers," Cramer said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer says Constellation Energy and Sempra Energy are dependable utility stocksJim Cramer advised investors to consider adding shares of “steady-eddy” utility companies to their portfolios for their dependability. RIP those names So sell. dump your shares
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer says to hold onto these 3 cloud stocks and sell the restCloudFlare recently received authorization to aid the modernization of government agencies. FrankCNBC spoke to the company's CEO Matthew Prince on CloudFlare's future in the public sector.
Source: CNBC - 🏆 12. / 72 Read more »