Consumer Staples Standouts: 3 Defensive Gems to Safeguard Your Portfolio

After covering essentials, consumers spend on discretionary items. But it’s the consumer staples items that make up the essential part of any budget. These items are by definition essentials, making the consumer staples giants who sell them automatically more defensive in nature.In this market, that’s a great thing. Leading consumer staples stocks tend to generate long-term wealth. But, these companies also have proven their ability to provide stability in times of turmoil. In other words, when the economy ...