Where to hide in a bear market? Soda, peanut butter and tissues
CNN
Stocks plunged again Monday, extending Friday's losses and officially pushed the S&P 500 into bear market territory. But as any savvy investor knows, you can always find winners on Wall Street, even when things seem dire.
Traders flocked to safe haven consumer products companies Monday. Coca-Cola (KO) and peanut butter and jelly giant Smucker (SJM) were among the top performers in the S&P 500, each eking out small gains in midday trading. (Coke led the Dow as well.)
Kleenex maker Kimberly-Clark (KMB), McDonald's (MCD), SPAM owner Hormel Foods (HRL) and supermarket chain Kroger (KR) were all up slightly too, while shares of Pepsi (PEP), Tyson Foods (TSN), Kellogg (K) and Hershey (HSY) all dipped much less than the broader market.
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