Are These The Best Beverage Stocks To Buy Now?
An increasing number of analysts in the stock market have been predicting that a recession would happen sometime this year or next. For this reason, it is no surprise that many investors are cautious about their investments. Hence, it’s natural that we would look for companies with resilient earnings and revenue streams. And that’s exactly what you get with beverage stocks.
For instance, PepsiCo(NASDAQ: PEP) started the earnings season on a strong note after publishing its latest set of quarterly results. The beverage giant reported an adjusted quarterly profit of $1.86 per share, 12 cents above estimates.
Not to mention, beverage companies fall into the larger category of consumer staples, making them recession-proof. This would be due to their ability to withstand some of the broader challenges that their discretionary counterparts face. While some of these beverage companies may come off as boring, it is these stocks that may be able to help you fend off the volatility in the stock market. Considering all of this, which beverage stocks are on your watchlist right now?
The post 4 Top Beverage Stocks To Watch After PepsiCos Strong Quarter appeared first on StockMarket.com.