Best Stocks To Invest In 2022? 4 Consumer Staples Stocks To Watch

Do You Have These Consumer Staples Stocks On Your Watchlist?

Consumer staples stocks offer investors a nice blend of safety and growth potential in the stock market today. Whether you like it or not, we rely on these daily essentials to get going every day. From food and beverages to some of the home-care products, these are the products we buy regardless how the broader economy is performing. Since consumers buy these products regardless of economic cycles, these defensive names tend to be steady in both bullish and bearish markets.

With inflation coming in at 7.5% in January, you’re probably concerned about how it could impact your portfolio. That is causing some investors to be defensive to a certain degree. And that makes these consumer staples, as defensive stocks, worth considering in the stock market today. However, just because inflation is red hot right now doesn’t mean you should be running for the hills. Instead, look for those that can pass on higher costs to consumers. This way, these consumer staples names could continue to benefit.  

An example of a consumer staple stock doing well right now could be BJ’s Wholesale Club (NYSE: BJ). Late last month, it announced that it will be acquiring the assets and operations from its longtime partner Burris Logistics. This acquisition includes four distribution centers and a private transport fleet. Ultimately, this will help BJ scale and expand its supply chain capabilities. Elsewhere, Yum! Brands (NYSE: YUM), the parent company of KFC and Taco Bell, also reported strong quarterly results earlier this Wednesday. With all these in mind, here are four consumer staples stocks to check out in the stock market today.

Best Consumer Staples Stocks To Invest [Or Avoid] In 2022

Coca-Cola

Coca-Cola is a beverage company which sells its products in more than 200 countries and territories. Its multiple billion-dollar brands are spread across several beverage categories worldwide. Namely, these include soft drink brands such as Coca-Cola, Sprite, and Fanta to name a few. Besides soft drinks, the company also offers sports, coffee, and tea brands. For a sense of scale, the company has more than 700,000 employees across the globe. Yesterday, the company released its fourth-quarter and full-year results for 2021.

Diving in, Coca-Cola’s revenue and earnings both topped Wall Street estimates. Accordingly, quarterly revenues grew by 10% to $9.46 billion from last year’s $8.61million­. Net income for the quarter came in at $2.41 billion, up by an impressive 65% year-over-year from $1.46 billion. Accordingly, earnings per share were $0.56 in comparison with last year’s $0.34. Financials aside, Wells Fargo (NYSE: WFC) analyst Chris Carey reiterated his Overweight rating on KO stock. The analyst believes that momentum could continue due to strong top line performance driven by higher pricing and mix delivery. Given the strong quarter from Coca-Cola, will you be…