Walmart, Kraft and Kroger look appetizing to investors amid market turmoil
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Investors turned to some defensive stocks in the consumer sector after Russia-Ukraine tensions flared up again.
Packaged food stock like TreeHouse Foods (NYSE:THS)
+3.8%, Kraft Heinz (NASDAQ:KHC)
+2.0% and J.M. Smucker (NYSE:SJM)
+1.1% were notable outperformers in mid-day trading on Thursday.
Grocery store stocks Natural Grocers by Vitamin Cottage (NYSE:NGVC)
+1.9%, Kroger (NYSE:KR)
+1.0% and Sprouts Farmers Markets (NASDAQ:SFM)
+0.8% also managed to stay in positive territory amid the broad market selling pressure.
Walmart (NYSE:WMT)
+1.9% was the second biggest gainer in the Dow Jones Industrial Average following its earnings report, while Procter & Gamble (NYSE:PG)
+0.3% and Coca-Cola (NYSE:KO)
+0.2% ranked third and fourth as investors turned to dividend-paying staples.
Read more about the broad market action: Nasdaq, S&P 500, Dow Jones slump, bonds rally as Ukraine prompts safety trade.