Reported about 17 hours ago
In 2024, consumer staple stocks, particularly Walmart and Costco, have seen significant success, with the Consumer Staples Select Sector SPDR Fund (XLP) rising over 10%. Walmart is experiencing its largest annual share price gain in decades, while Costco capitalizes on cost-conscious consumers and e-commerce growth. Philip Morris also saw a 30% boost in its smoke-free products, highlighting the robust performance of these companies in the current market.
Source: YAHOO