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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts