3 Consumer Goods Stocks to Consider in an Inflationary Environment
StockNews
Published May 07, 2021 10:49AM ET
Updated May 07, 2021 11:31AM ET
3 Consumer Goods Stocks to Consider in an Inflationary Environment
Kimberly-Clark Corporation (NYSE:KMB), Proctor & Gamble (PG), and The Clorox Company (NYSE:CLX) are 3 consumer goods stocks that may face near-term headwinds due to rising supply costs. Patrick Ryan gives his take on why investors in these stocks should be cautious. Consumer goods stocks are worth a closer look now that prices are rising across the board. Consumers have a record amount of savings, meaning they are that much more likely to spend as the economy gradually reopens. Economists agree our current inflationary environment is likely to continue well beyond the current quarter. As a result, businesses that provide consumer goods will increase their prices to offset rising supply costs and add to the bottom line.
These three consumer goods stocks are likely to benefit from rising costs: Kimberly-Clark Corporation (KMB), Proctor & Gamble (PG), and The Clorox Company (CLX).
Proctor & Gamble (PG)
Continue reading on StockNews
Get The News You Want
Written By: StockNews
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.