DAMIAN J. TROISE
Fri, Apr 4, 2025, 9:22 AM 3 min read
NEW YORK (AP) — Most of the numbers connected Wall Street this week were red, but not each of them.
Companies that absorption connected food, wellness attraction and different necessities gained ground, contempt a slump successful the broader banal marketplace implicit worries astir an escalating commercialized warfare that erased trillions of dollars successful worth for the biggest U.S. companies. Big Tech stocks, specialty retailers, question and vigor companies took sizeable losses.
At the aforesaid time, galore investors successful hunt of safer places to enactment their wealth shifted their absorption to companies that thin to clasp up during economical slowdowns and recessions. They figured that Americans inactive request wellness care, basal necessities specified arsenic food, soap and toilet paper, and energy to powerfulness their homes. Plus the occasional alcoholic oregon carbonated beverage.
“The marketplace is pricing successful a large deed to the wide system from tariffs cutting into firm profits, hurting hiring, and curtailing user spending," said Bill Adams, main economist for Comerica Bank.
Here are immoderate companies that person managed to station gains for the week:
Food
Food, market stores, and restaurants each expect to consciousness an interaction from higher costs connected imported products. Food, particularly astatine market stores, is among the galore expenses that can't beryllium wholly chopped retired of a fund and volition apt beryllium grudgingly absorbed by people.
Conagra, up 2.8%
General Mills, up 3.5%
Hormel Foods, up 4%
Personal Care/Household Items
Much similar food, idiosyncratic attraction and household necessities are hard to chopped retired of budgets. Companies that marque soap, toothpaste, laundry detergent and galore different staples are expecting higher costs. They volition apt walk those costs on to consumers, but the assemblage is typically considered a safer stake for investors successful times of economical uncertainty.
Church & Dwight, up 2.7%
Procter & Gamble, up 1.4%
Clorox, up 1.9%
Utilities/Essential Services
Electric, state and different inferior operators are besides much resilient successful shaky economies. It's different expense, overmuch similar gasoline for cars, that can't reasonably beryllium chopped retired of a person's budget. Other indispensable services, including discarded disposal are besides hard to chopped from budgets.
Exelon, up 5%
American Tower, up 5.9%
Consolidated Edison, up 3.8%
American Water Works, up 4.3%
Waste Management, up 2%
Health care
Health attraction is among the safer sectors for investors. Hospital operators, security companies and different health-care related businesses are considered necessities.
Molina Healthcare, up 10.5%
Centene, up 7.5%
UnitedHealth Group, up 6.2%
HCA Healthcare, up 1.2%