3 Top Consumer Staples Stocks to Buy in April
COVID-19 has provided the market with a prime example of why investors should be open to consumer staples stocks. During the 11-year bull market that ended last month, consumer staples have generally been unexciting investments, with low growth, high-valuation multiples, and decent but not spectacular dividends. However, with the current coronavirus outbreak and state-imposed quarantines, we're all getting a lesson why consumer staples stocks can make great investments for risk-off portfolios for those near retirement.
Diversified consumer staples conglomerates sell things that people use everyday in their homes, such as toilet paper, paper towels, chips, sodas, soap, soup, and other items we're all using a lot more of these days. And because of the unique nature of the COVID-19 downturn, cleaning products are likely even more in demand than they otherwise would be in a typical recession.
In that light, here are a few consumer staples stocks to consider for your dividend portfolio during the quarantine period and beyond.
Source Fool.com
