How two traders are betting on consumer staples in an uncertain Covid environment $XLP (via TradingNation)
"It's really all about the pace of reopening," Chiavarone said, adding that the recent
Gordon, managing director at Ascent Wealth Partners, said his firm was largely underweight consumer staples, calling the group "generally mature," "a slow grower" and "very fully valued." If investors were to peruse the pantry plays, Gordon suggested a company focused largely on health, sanitation and personal care: Church & Dwight, whose brands include Arm & Hammer, OxiClean, Orajel and Arrid.
Investors should also pay attention to consumer staples companies that are at risk of cutting their dividends, particularly with the"Companies that can maintain, defend and grow their dividends are going to be scarcer, and we think that there's a premium paid for that," Chiavarone said.
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