While many investors have been distracted by the recent drop in leading technology shares, a traditionally overlooked part of the market is seeing a major boom: consumer staples.
The S & P 500 consumer staples sector hit a record on Monday, putting it more than 8% higher over the past three months.
On Friday, the Bureau of Labor Statistics said 142,000 jobs were created in August, well below the 161,000 expected by economists.
Against this backdrop, we used the CNBC Pro Stock Screener tool to find consumer staple stocks that could outperform going forward.
Kroger is expected to gain more than 12% going forward, based on analysts consensus price targets.
Persons:
It's, Kroger, Bernstein, Douglas Harned
Organizations:
Tech, of Labor Statistics, CNBC, Stock, Kroger, Constellation Brands, Bunge Global, Modelo, Bunge, GE Aerospace, GE
Locations:
U.S