2 No-Brainer Stocks to Buy in Consumer Goods
The stock market crashed hard and fast as the implications of the COVID-19 pandemic became apparent, losing 35% of its value in barely over a month. For the record, the U.S. stock market has never fallen that far that quickly. Surprisingly to many observers, it's bounced back a lot faster than most expected. At this writing, the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) -- a low-cost index fund that tracks the S&P 500 index -- is down about 14% from the pre-crash peak.
Even with almost 30 million Americans have lost their jobs in the past six weeks and more job losses are expected, there remains optimism that the economy will open up sooner rather than later, and should rebound quickly. I, for one, am less optimistic that will prove to be the case. But I'm not selling stocks in fear; to the contrary, I think there are still opportunities to be found, even with the risk of an up-and-down economy until there are proven effective medical treatments for COVID-19 that may not be widely available before later this year.
Two consumer goods stocks, in particular, look like no-brainers: global coffee giant Starbucks (NASDAQ: SBUX) and Brown-Forman (NYSE: BF.B), the company behind Jack Daniels and other popular spirits and wines. Keep reading to learn why they're both no-brainer investments right now, no matter what happens with the economy.
Source Fool.com
