Citi says we buy 3 consumer tied stocks for the same reasons we own them

Tide, a laundry detergent owned by the Procter & Gamble company, is on a store shelf in Miami, Florida, on Oct. 20, 2020.

Joe Raedle | Getty Images

Proctor & Gamble (PG), Estee Lauder (EL) and Constellation Brands (STZ) can navigate any short-term economic slowdown while providing long-term growth opportunities, Citi said in a new research note. The bullish call on these consumer-facing companies aligns with our view and comes as defensive stocks have fallen out of favor in 2023, with many investors instead piling into defeated technology names.


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