Despite challenging economic conditions, the consumer staples industry, of which grocery stores are a part, is expected to perform steadily due to the inelastic demand it enjoys. Therefore, it could be wise to buy fundamentally strong grocery store chain stocks Walmart (WMT), Kroger (KR), and Sprouts Farmers (SFM). Read more.
Grocery stores enjoy inelastic demand irrespective of economic cycles. Therefore, investing in fundamentally sound grocery store chain stocks could be wise amid the current uncertain economic conditions and a likely recession.
