We recently compiled a list of the . In this article, we are going to take a look at where Performance Food Group Company (NYSE:PFGC) stands against the other defensive stocks. Defensive stocks tend to remain stable and less affected by economic downturns.
These companies operate in sectors that provide essential goods and services, which people need regardless of the economic climate. Defensive stocks mostly include stocks of companies among utilities, consumer staples, and healthcare sectors as they provide basic necessities of life. Companies in these sectors often show less volatility, and often provide steady dividends.
They usually offer a safer investment choice during periods of market uncertainty. U.S.
stocks are having a great time, which is owed to strong economic data that has reassured investors. The S&P 500 and Nasdaq 100 have seen significant gains, as they are up 4.3% and over 6% over the last 5 days on August 15, respectively.
The global markets have also recovered from recent losses, and the US broader market is back from the losses it faced in the first week of August. The investor sentiment remains strong and U.S.
equities are seeing continuous inflows. Additionally, Fed officials are hinting at potential rate cuts which support optimism that the U.S.
economy is on track for a soft landing. However, some experts are still concerned about the future of the US economy and markets and hold a more conservative view. According to a July report by J.
P Morgan, re.