Consumer staples are often considered to be defensive stocks, meaning that they tend to perform well even when the economy is weak or uncertain. So, as the breakout tech leaders that drove the stock market's first-half gains start to pull back on resurgent macroeconomic concerns, there's no better time to discuss some of the current opportunities in these defensive household names.
Among this group, General Mills (GIS) and Kraft Heinz Company (KHC) are two of the largest food companies in the world, with each company boasting a market cap in excess of $42 billion. They both produce and sell a variety of packaged foods, such as cereals, snacks, sauces, cheese, and dairy products.
