Investors are scrambling to find investments that are safe no matter who wins the presidential election on Tuesday.
Both have the momentum to keep surging, no matter the Election Day result.
Grocery chain Kroger is a formidable proposition, unruffled by changes in the socio-economic landscape. People will always buy bread, juices, meats, milk and vegetables.
The company's 785 convenience stores and more than $100 billion in annual sales are further testimony to its rock-solid stature.
Admittedly, the stock is down more than 25% this year, but it has the potential to bounce back.
Trading at a reasonable forward price-earnings ratio of 13.61 times, Kroger is a reliable stock to buy for the long term.
Its dividend yield, at 1.55% is close to current Treasury yields and may not be a great draw, but the grocery business is built to last.
Investors should keep this one in their portfolios for long-term gains, no matter who wins the election.
Meanwhile, legendary consumer goods giant P&G's shares are up more than 9% this year.
The company's recipe for success is simple.
P&G's products are integral parts of the daily life of consumers across the world. In its portfolio are household essentials such as deodorant, diaper, laundry detergent, shampoo, shaving products, tissue and toilet paper brands.
With its baby, family and feminine care (28%), beauty (18%), fabric and home care (32%), grooming and health care (both 11%) segments accounting for P&G's net sales, the company has a broad and expansive portfolio of products.
The company is extremely innovative in terms of cost of goods sold, marketing efficiency and overhead reductions.
Clearly, this is a legacy stock that will boost portfolios for the long term.
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