Investing Strategy 2010: Consumer Stocks
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Many investors are looking ahead to 2010, and what some believe will be an economic recovery by the second half. This means that, for many, now is the time to start thinking about purchasing stocks (especially since the market has been struggling this week, and trading should be thin next week). A couple of weeks ago, we looked at health care stocks for 2010. Today, I thought we could take a quick look at what 6 stocks The Street thinks are good picks for 2010.
Consumer stock ideas for 2010
The Street offers an idea of 6 stocks that are likely to do well next year. Here are theĀ six:
- Scotts Miracle-Gro (SMG): The Street expects that the recent trend of gardening will continue into next year, since people aren’t as sanguine about economic recovery as some government and Wall Street types.
- Clorox (CLX): This company continues to do reasonably well (though not as well as in years past), since many of its brands — including Glad trash bags and Scoop Away cat litter — are associated with household chores that we have to do, even when things are tough.
- Procter & Gamble (PG): You still need to brush your teeth — Crest — and wipe your bottom — Charmin — during an economic crisis. This company has the corner on the market in daily needs.
- Philip Morris International (PM): Tobacco companies are still around, and people around the world continue to use products made by Philip Morris.
- Johnson & Johnson (JNJ): Another household name that offers a lot of needed products.
- Pepsico (PEP): The Street points out that Pepsico also has a lot of food brands that go beyond its famous soda drinks. The cereal brands are expected to do quite well, and its low-priced snacks have become staples in many American households.
Disclaimer: I am not an investment professional. Nothing in this piece or on this Web site should be construed as investment advice. Before making investment decisions, do your own research and/or consult with an investment professional. All investment comes with the risk of loss. You are responsible for your own investment decisions and any loss that may result from your decisions.



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