economy
Church & Dwight is an attractive, low beta, consumer staples standout, Katie Stockton says
The baking soda maker's profile can buffer portfolio drawdowns relative to the S&P 500.
TL;DR
- Consumer staples stocks like Church & Dwight (CHD) are becoming more attractive due to market volatility.
- CHD has a low beta of 0.34 against the S&P 500, indicating limited sensitivity to market swings.
- Technical indicators suggest a resuming long-term uptrend and a confirmed weekly cloud breakout.
- The stock has resistance near $106 and final resistance near $114, with support at the 200-day MA around $93.
- CHD's relative strength versus the S&P 500 has improved, supporting its defensive appeal in a choppy market.