Consumer staples set to outperform other sectors

Some US consumer staples should be considered growth stocks considering the high range of growth they offer, especially in periods of economic slowdown, according to Tony Vento, an analyst with Edward Jones in the US. Vento, who covers the consumer and retail areas of the US market, says: "They used to be considered growth stocks before the technology boom and in my opinion they still are, although it does depend on the company. Household products, like Colgate and Proctor & Gamble are growth companies." Colgate Palmolive has been showing solid sales growth in the 6-7%pa range, while its ...