Even though staples stocks are not by a rule the pillars of stability, unquestionable growth and steady cash flow, top staples stock can provide the stability you are probably searching for as an investor.
Staples stocks have become quite attractive to investors fleeing from bubbly tech stocks, however, seeking for defensive positions.
What are some of the best consumer staples stocks and in which staples stocks to invest in 2019?
Best Staples Stocks: Costco (COST)
Costco is a well-known warehouse retailer and also one of the top consumer staples stocks to invest in 2019.
The company has dividend yield by 1.1% and market cap of 105.7 billion dollars. Costco is easily the leader in the industry with presence in around 770 locations, while it is considered that the share price of Costco (240.18$ with the latest closing in May) is too high for a staples stock.
Costco is still a major competitor even to retail giants such as Walmart and Amazon, while the shares are still attractive as Costco is showing growth in revenue year to year.
Best Staples Stocks: JM Smucker (SJM)
Famous for making jellies and jams, JM Smucker is also operating with their own brand of pet food, peanut butter, coffee and more products.
Even though the staples market may be affected by the rising tariffs and commodity costs, JM Smucker is still recording growth in earnings and revenues despite an occasional short-term dip.
Dividend yield is 2.7% with market cap of 14.2 billion dollars.
Best Staples Stocks: Procter and Gamble (PG)
Procter and Gamble is most certainly one of the biggest names in staples brands, even though the company failed to take advantage of the internet revolution, that way slowing down in growth and development.
Strong as it is, the company is looking forward to changing their business highlights by focusing on the most popular brands they have, which could bring more growth and more profit to the company.
PG shares should consequently rise with the new strategy, while dividend yield is set at 2.9% and the market cap of 262.6 billion dollars.