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3 Consumer Staples Stocks to Buy as Inflation Subsides
ARKO ARKO (US:ARKO) ZACKSยท2024-06-05 14:46

Core Insights - The consumer staples sector has shown resilience, recovering with a 9.1% increase as of June 4, 2023, after a decline in 2022 [1] - Defensive stocks within the consumer staples sector are gaining investor interest due to their stability amid market volatility [1] - The sector is characterized by low price volatility, reliable profits, and dividends, making it a safe investment choice [2] Economic Indicators - U.S. consumer prices increased by 0.3% month-over-month in April, slightly below the consensus estimate of 0.4% [2] - PCE Inflation, a key indicator for the Federal Reserve, dropped by 0.1% in April, indicating increased purchasing power for consumers [2] Stock Picks - Arko Corp. (ARKO) has an expected earnings growth rate of 125% for the current year, with a Zacks Rank of 1 and a VGM Score of A [3] - Edgewell Personal Care Company (EPC) has an expected earnings growth rate of 14.1% for the current year, also holding a Zacks Rank of 1 and a VGM Score of A [4] - Kimberly-Clark Corporation (KMB) has an expected earnings growth rate of 7% for the current year, with a Zacks Rank of 2 and a VGM Score of B [4]