Retail Sales Were Up 0.6% In February, But Ripple Effects from the Iran War Could Reverse That Trend. Here Are 2 Consumer Staples Stocks That Can Withstand Them.
US retail sales grew 0.6% in February, beating estimates, but concerns about a recession due to the Iran war have led investors to seek safe stocks. Two consumer staples stocks, Dollar General and Philip Morris International, are considered defensive and recession-resistant, making them attractive options.
US retail sales increased 0.6% in February, exceeding expectations. This growth was seen across various categories, including department stores and restaurants. However, the Iran war has raised concerns about a potential recession. As a result, investors are looking for stable stocks. Dollar General and Philip Morris International are two consumer staples stocks that can withstand economic volatility. Dollar General has a history of performing well during tough times, and its investments in improving the business have paid off. Philip Morris International has successfully pivoted to next-gen products, delivering strong growth and a solid dividend yield.
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