Our WealthPress office is closed Thursday in observance of Thanksgiving. Happy Thanksgiving to all, and may your day be filled with food and cheer!
Instead of our regular stock market recap, I’m bringing you something a little bit different.
I want to highlight two consumer staples stocks that would make a great addition to your portfolio ahead of the holidays.
Consumer discretionary and tech stocks have been ruling the market, but as we’ve seen this past week, they’ve started to pull back, as evidenced by the drop in the Nasdaq.
We’re going to see some rotation into consumer staples as this continues to happen, with investors prioritizing blue-chip, dividend-paying stocks as they seek out safety and stability.
The first is General Mills Inc. (NYSE: GIS), which was also one of my favorite summer consumer staples stocks.
It’s a global company responsible for a lot of the brands many people know and love: Cheerio’s, Annie’s, Yoplait, Nature Valley, Fiber One, Betty Crocker, Pillsbury and many more…
For the first quarter of 2022, the company reported a profit of $0.99 per share, or about $4.5 billion in sales, representing 4% growth compared to the same quarter last year. The company also maintained its full-year growth outlook.
The second is a consumer staples titan of industry, manufacturing and selling a wide range of consumer goods, everything from cleaning supplies to personal care products to even childcare necessities.
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Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.