Volatility Concerns? Bet on 4 Low-Beta Stocks: ERIE, SFM, NEM, UL

Market Overview - Investors are preparing for a volatile market due to the upcoming release of key economic data, including job openings, jobless claims, and the nonfarm payrolls report, which may influence the Federal Reserve's decision on interest rate cuts [1] Investment Strategy - Constructing a portfolio of low-beta stocks is recommended to mitigate volatility, with specific stocks such as Erie Indemnity Company (ERIE), Sprouts Farmers Market Inc. (SFM), Newmont Corporation (NEM), and Unilever (UL) highlighted as potential investments [2] Stock Analysis Erie Indemnity Company - Erie Indemnity has experienced an increase in management fee revenues from policy issuance and renewal services, supported by a stronger balance sheet compared to industry peers [7] Sprouts Farmers Market Inc. - Sprouts Farmers Market is benefiting from increased customer engagement and solid comparable store sales, with a new $600 million share repurchase program approved by its board, and plans to open approximately 35 new stores in 2024, anticipating total sales growth of 9% to 10% [8] Newmont Corporation - Newmont, a leading gold explorer and producer, is focused on its divestiture program, share repurchases, and debt reduction, owning a collection of high-value, low-cost, and long-life mining assets expected to support sustainable and profitable gold production [8] Unilever - Unilever is recognized for its strong brand portfolio and generates significant turnover, with over 55% of its revenue coming from emerging markets, serving a vast customer base of 3.4 billion daily users [9]