NEW YORK ( TheStreet) -- The consumer staples sector covers what consumers eat, drink, smoke, clean with and use to primp their bodies. It includes supermarkets, drugs and some Big Box retailers. These companies' stocks have been popular choices for investors seeking safety, since consumers still must buy and use products considered necessities.Last Tuesday, the Conference Board's reading on the Consumer Confidence Index came in better than expected at 65.9 in July, but this reading remains well below the neutral zone of 90 to 120 for this measure.
Book Profits in Overvalued Consumer Staples
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