Almost everything in the markets is down. There are some industries bucking the trend, consumer staples is one of them. Investors see consumer staples as a safe haven because no matter what they are necessary to consumers in the best and the worst of times.
Look at the Great Depression, Hershey's was one of the few companies that not only survived, but thrived. As such, its not a big surprise that Hershey's, as well as
In the past year Consumer Staples have outperformed the broader market and the sector is starting to heat up, up 1.6% over the past 7 days.
Beverages are one of the leading sub-industries in the sector, and within beverages Distillers and Wine Makers have outperformed over the past 3 months.
This deal with Oak & Still-the marketing arm of
Now, as Shinju's presence grows, so does the demand for bottles of the whisky. This could lead
Additional distribution networks could mean exponential growth for
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As noted the beverage industry is hot,
Recently, REED participated in the
The only sub-industry in consumer staples outperforming Beverages is Household products, with Personal products just below Beverages.
ITP recently announced that, its Board of Directors has approved a 1-for-10 reverse stock split expected to become effective this week on
Food and Staples Retail, is up 1.46% over the past 7 days.
Insiders seem bullish, BOXD Independent Director,
Back to Personal Products, which have risen 1.34% in the past 7 days,
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