Search a ticker

Categories
Consumer Stocks Featured Investing Stock Market Today Stocks to Watch

2 Consumer Staples Stocks To Watch In December 2022

3 consumer staples stocks for your December 2022 watchlist.

consumer staples stocks

Consumer staples are goods and services that people buy on a regular basis regardless of their income level or the state of the economy. These products are essential for everyday life, so even when economic conditions become unfavorable, consumers continue to purchase them.

Consumer staples stocks are securities that represent companies in the consumer staples industry. This sector of the stock market includes companies involved in the production, distribution, and sale of essential goods and services needed by the public on a regular basis.

This means that when the economy is doing well, these stocks can perform even better than usual due to increased demand. On the other hand, when the market is down, these stocks can still provide investors with a steady stream of income. Let’s take a look at two consumer staples stocks to check out in the stock market this month.

Consumer Staples Stocks To Watch Right Now

Kroger (KR Stock)

Leading off, The Kroger Company (KR) is one of the largest grocery store chains in the United States. For a sense of scale, the company operates more than 2,700 stores throughout the U.S. Additionally, Kroger also has a strong presence in the online retail space, with its own website and a number of mobile apps.

KR Recent Stock News

Just this month, Kroger reported its third-quarter 2022 financial and operating results. In detail, Kroger reported Q3 2022 earnings of $0.88 per share with revenue of $34.2 billion. For context, Wall Street’s consensus estimates for the quarter were earnings of $0.82 per share and revenue of $34.0 billion. What’s more, the company was able to report a 7.3% increase in revenue versus the same period, in 2021.

Furthermore, Chairman and CEO Rodney McMullen commented, “Kroger achieved strong results in the third quarter as we continue to execute our Leading with Fresh and Accelerating with Digital strategy. Our associates are doing an outstanding job delivering a full, fresh and friendly experience across our seamless store and digital ecosystem.“

KR Stock Chart

So far in 2022, shares of KR stock are up 5.27%, outperforming the broader markets year-to-date. Meanwhile, as of Friday’s closing bell, Kroger’s stock closed the day at $47.57 per share.

Source: TD Ameritrade TOS

[Read More] Stocks To Invest In Right Now? 3 Biotech Stocks To Watch

Procter & Gamble (PG Stock)

Next, The Procter & Gamble Company (PG) is an American multinational consumer goods corporation. The company has a diversified product portfolio that includes brands such as Ariel, Gillette, and Oral-B.

PG Recent Stock News

In October, PG reported a beat for its Q1 2023 financial results. Diving in, the company announced first-quarter 2023 earnings of $1.57 per share and revenue of $20.6 billion. The street’s consensus estimates for Q1 2023 were earnings of $1.55 per share, and revenue estimates of $20.6 billion. Moreover, the company also reaffirmed its fiscal year 2023 estimates. Specifically, the company said it now estimates earnings of $5.81 to $6.04 per share, while now estimating FY 2023 revenue of $77.78 billion to $79.38 billion.

PG Stock Chart

In the last month of trading, shares of PG stock have rebounded slightly over 12%. Meanwhile, Procter & Gamble stock is set to open Monday morning’s trading session at $150.21 a share.

Source: TD Ameritrade TOS

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments