Here's Why One of the Biggest Winners of 2020 Is Still a Buy
Consumer staples businesses have always been considered recession-resistant. The recession caused by the coronavirus pandemic has given suppliers of cleaning products an even stronger boost. Clorox (NYSE: CLX), aided by its strong brand-name recognition, has seen its stock rise by more than 50% since the start of 2020.
The value of that brand name has compelled companies like United Airlines Holdings (NASDAQ: UAL) and movie theater operator AMC Entertainment Holdings (NYSE: AMC) to partner with Clorox to gain expertise and provide customers more confidence through new safety and health protocols.
Image source: The Clorox Company.
Source Fool.com
