As the U.S. presidential election approaches in November 2024, investors are increasingly looking for defensive strategies to hedge against market volatility. Two potential turnaround stocks that stand out in this context are Hershey (HSY) and General Mills (GIS) [fb84b93f]. Hershey is expected to perform well due to its entrenched demand and plans to expand its salty snack business, which is a significant growth area for the company. Additionally, Hershey offers a 2.8% dividend yield and has recently announced a 15% increase in its dividend, making it an attractive option for income-seeking investors [fb84b93f].
General Mills, known for its recession-proof dividend history spanning 124 years, is also poised for steady growth. Analysts are optimistic about the company's improving retail food sales, which further solidifies its position as a reliable investment amid economic uncertainties [fb84b93f]. With concerns over geopolitical tensions and inflation affecting market dynamics, consumer staples like General Mills are becoming increasingly appealing to investors looking for stability [fb84b93f].
In addition to these two stocks, investors are considering a broader range of options in the FMCG sector, which includes companies such as Walmart, Dollar Tree, and Sysco Corporation [259e551b]. This sector is characterized by its resilience during economic downturns, making it a focal point for those seeking to mitigate risks associated with market fluctuations. The industrial machinery and packaging industries also present investment opportunities, with companies like General Electric and Ranpak Holdings showing potential for growth [317f4ad7][30845137].
As the market prepares for the upcoming election, it is essential for investors to conduct thorough research and analysis before making any investment decisions. The combination of defensive stocks like Hershey and General Mills, alongside a diversified portfolio in FMCG and industrial sectors, may provide a balanced approach to navigating the uncertainties ahead [fb84b93f][07b7a76a].