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https://www.barrons.com/articles/stocks-for-market-turmoil-consumer-staples-74cf162c Cold Heading Machine Manufacturers

It’s not easy being a steady Eddie. In last year’s bear market, consumer staples—the epitome of steady stock performers—were a relative haven. Then, as investors regained their risk appetite, they fell from favor, with the Consumer Staples Select Sector SPDR exchange-traded fund down about 2.5% year to date, even as the S&P 500 index is in the black.

But now, amid banking turmoil, they’re back. Over the past five days, the S&P 500 gained 1.42%, despite the banking crisis, while the Consumer Staples Select ETF rose nearly 1%. Some favorites have done even better, particularly best-in-class operators that have reported robust trends and growing sales in the face of inflation. Over the past week, Procter & Gamble was up 4.11%, Colgate-Palmolive rose 1.21%, Mondelez International 2.31%, and PepsiCo 1.8%.

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It’s not easy being a steady Eddie.

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