3 Best Consumer Staples Stocks to Buy Now
Despite the COVID-inspired sell-off early in the year and a pandemic that's still spreading, the stock market ended 2020 on a decidedly high note. Specifically, even with Monday's partially unwound pullback the S&P 500 remains within a little more than a percentage point of Thursday's record-breaking close that topped off a 66% rally in just a little over nine months. Growth names and speculative tech picks continue to lead the way.
Given that we don't know what 2021 holds for stocks, however, it might not be a bad idea to dial back the risk and dial up the defensiveness sooner rather than later. One way to start this shift is with less-cyclical picks. Tyson Foods (NYSE: TSN), Coca-Cola (NYSE: KO), and Procter & Gamble (NYSE: PG) have earned a spot on a short list of staples stocks to consider at this time.
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Source Fool.com
