NEW YORK ( TheStreet) -- Gruma SAB (GMK - Get Report), Cervezas (CCU - Get Report), Anheuser-Busch (BUD), Concha y Toro Winery (VCO - Get Report), Panasonic (PC), Unilever (UL) and Sony (SNE - Get Report) are stocks that could add weight to portfolios in the present uncertain market conditions.
The U.S. debt ceiling concerns have pushed the S&P 500 to one-month lows. The index stocks corrected 3% in the past week on the risk of a default if the debt ceiling is not raised. In this scenario, stocks that are relatively less volatile could balance a portfolio. We have selected companies that seem less volatile and could help cut losses in the event of a further downside. These stocks carry an average monthly beta of 0.74 and have an upside of 28% over the next one year. Besides, they carry a mean buy rating of 52%.
The stocks are stacked by upside, great to greatest.
>> Keep the stock market at your fingertips with TheStreet's iPad app.7. Unilever is a leading fast moving consumer goods company with operations in over 100 countries. Its product range includes personal care, beverage, food and homecare. It holds well-known brands like Dove, Axe, Lux and Lipton in its repertoire. Sales increased 4.3% during the first quarter 2011, boosted by growth across all product categories. The fastest growing geography was emerging markets, increasing 9.9% year-over-year during the quarter. Volume growth for the quarter was 2.5% and pricing was up 1.8%. Financial performance looks respectable during a difficult quarter, in terms of spiking commodity prices and sagging consumer confidence. Unilever's promotion of its extended product range would drive growth in the emerging countries. Analysts predict 14% upside for the stock in the next year and it is trading at 13.5 times its estimated 2011 earnings.