Vita Coco Company IncRecommended as defensive play amid falling consumer confidence, benefiting from demand for staples.
Zacks Investment Research recommends four consumer staples stocks as a defensive play amid declining consumer confidence and market volatility. Consumer confidence fell to 90.8 in July from an upwardly revised 92.2 a month earlier, according to the Conference Board, missing the consensus estimate of 92.3. The Present Situation Index declined 3.6 points to 114.9, marking its third straight monthly drop, while the Expectations Index held at 74.7. The recommended stocks are The Vita Coco Company, The Coca-Cola Company, John Wiley & Sons, and Carriage Services, all of which have seen positive earnings estimate revisions over the past 90 days.
Vita Coco Company IncRecommended as defensive play amid falling consumer confidence, benefiting from demand for staples.
The Coca-Cola CompanyRecommended as defensive play amid falling consumer confidence, benefiting from demand for staples.
Carriage Services IncRecommended as defensive play amid falling consumer confidence, benefiting from demand for staples.
John Wiley & SonsRecommended as defensive play amid falling consumer confidence, benefiting from demand for staples.