2 Top Consumer Staples Stocks to Buy In January
The stock market climbed steadily higher in December, supported by the approval and distribution of coronavirus vaccines as well as a stabilizing political situation after the election drama in November. The incoming Biden administration is open to the idea of renewed lockdowns in 2021, if that's what it takes to bring the COVID-19 pandemic to its knees.
Consumer staples stocks often serve as safe havens in turbulent times. Their mature markets, easy-to-understand business plans, and household names can offer investors a relatively low-risk profile. It doesn't hurt that most consumer staples stocks also come with generous dividend policies.
Big-box retailer Target (NYSE: TGT) and soft drink giant Coca-Cola (NYSE: KO) offer all of these advantages and more as the calendar rolls over into 2021. Here's why you should pick up a few shares of these high-quality consumer staples stocks today.
Source Fool.com
