1 Stock to Avoid No Matter What
Kraft Heinz (NASDAQ: KHC) came about in large part at the behest of Warren Buffett's Berkshire Hathaway. With a gain for Berkshire of more than 2,470,000% from 1964-2019, few question Buffett's investment genius.
However, neither its status as a recession-proof consumer staples stock nor Buffett's business acumen have stopped Kraft Heinz from declining. Amid falling profits and a deteriorating business model, investors should consider avoiding this stock.
In many respects, Kraft Heinz does not look like a stock that investors should shun. For one, the COVID-19 pandemic led to a run on consumer products in the spring. Now, with cases surging to record highs, it could again spark another run on consumer staples.
Source Fool.com
