To keep ahead in the market, investors need to keep an eye on what stocks are trending and what could provide potential growth in the future. However, whilst this is easy in theory, even the most seasoned investor could miss out on great opportunities. When it comes to the consumer sector, many stocks can provide reliable growth even during times of instability as seen over the last 12 months. This makes investing in the consumer sector an attractive proposition and one that can be easy to get started with. Here are 5 of the top consumer sector stocks to consider for your next investment:
With its reliable membership model and selling of groceries and household goods, Costco Wholesale (NASDAQ:COST) is one of the top stock choices in the consumer sector for good reason. Where it makes most profit from its membership fees, and thanks to a high retention rate, investing in Costco stock is a steady choice even during COVID-19 and its economic impact, with strong performance throughout 2020. Selling essential goods to customers all year round makes this stock choice hard to beat.
Procter & Gamble
Procter & Gamble (NYSE:PG) are responsible for some of the most well-known consumer goods in the world such as the Gillette shaving brand and Crest toothpaste. Specialising in beauty, cleaning and laundry products has put the company in an enviable position for almost two centuries and is still at the top of its game. Much like Costco, many of the products Proctor & Gamble sell are part of consumers’ essential buys no matter the situation for both homecare and healthcare, making it another that had an impressive 2020 performance.
With the world becoming more and more conscious about their eating habits, alternative meat products have seen a steady rise, with Beyond Meat (NASDAQ:BYND) taking advantage. As plant-based meat substitute products are its main USP, it has seen huge gains over the last 12 months thanks to partnerships with other big brands including McDonald’s. There could be no better time to invest in Beyond Meat.
Known globally for the range of food products from frozen meals to baking, cereal and many desserts, General Mills (NYSE:GIS) saw steady growth during the last year. Home of household brands such as Cheerios, Nature Valley and Häagen-Dazs, their huge portfolio of consumer products makes General Mills another reliable choice when looking at consumer sector investments.
This consumer giant is responsible for not only the Pepsi Cola brand but also owns other consumer products including Frito-Lay and Quaker, all staples of many consumer shopping trolleys. PepsiCo (NYSE:PEP) although suffered from restaurants being closed over the last year that sold its products, still performed well thanks to its other acquisitions, making it still a force to be reckoned with.
Like any investments, there are no guarantees when it comes to choosing stocks and predicting growth. Historically, the 5 above have all done well to provide steady returns and provide reliability, especially during uncertain economic times.