Zacks Recommends Four Consumer Staples Stocks as Consumer Confidence Falls

Industry
โดย Zacks Investment Research·Read original
Summary · why it matters

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.

Impact on stocks 4

Consumer Staples · 2 stocks
Vita Coco Company Inc
COCO
▲ PositiveDemandrelevance

Recommended as defensive play amid falling consumer confidence, benefiting from demand for staples.

The Coca-Cola Company
KO
▲ PositiveDemandrelevance

Recommended as defensive play amid falling consumer confidence, benefiting from demand for staples.

Aging Population · 1 stocks
Carriage Services Inc
CSV
▲ PositiveDemandrelevance

Recommended as defensive play amid falling consumer confidence, benefiting from demand for staples.

Communication Services · 1 stocks
John Wiley & Sons
WLY
▲ PositiveDemandrelevance

Recommended as defensive play amid falling consumer confidence, benefiting from demand for staples.