Power Lunch
Power Lunch
CNBC
Recession or no recession, what’s wrong with consumer staples and the SPAC market has gone silent. 5/19/22
43 minutes Posted May 19, 2022 at 7:40 pm.
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Why aren’t investors finding safety in Consumer Staples? Stocks like Kroger, P&G and Kraft Heinz are all down more than 7% in the past week. Is the sector being unfairly punished? Plus, mega cap tech stocks with single digit P/E ratios. Are they buys at these prices? And, why a market watcher says she sees no recession ahead.