Stock price when the opinion was issued
Consumer staples are outperforming in the last few days, and that speaks to the advantage of having a balanced portfolio. Companies like KHC, UL, KVUE, and Nestle. It's not that they won't be affected (their costs would go up), but they're far less cyclical than other businesses. Earnings will be much more stable. Earnings could fall 10%, but not 50%. Dividends will be sustained.
Companies like Unilever and Nestle are huge in NA, but huge globally as well.
It's trading below falling moving averages. Growth rate is 7x. Their 3.8% dividend is secure and likely will grow. But their sales are sluggish and profit growth is slowing. There's lots of competition in this space, while inflation is another
headwind.