Nearly every thing has fallen in the stock market this 12 months. Shopper-staples shares are bucking the development.
Shares of firms promoting staples similar to beer, chocolate and canned soup have raced past the broader market in 2022. Molson Coors Beverage Co. is up 19% for the 12 months, whereas Hershey Co. has risen 14% and Campbell Soup has gained 11%. That’s in contrast with the S&P 500, which has fallen 18%.