Why consumer staple stocks like Walmart & Costco crushed it in 2024

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The Consumer Staples Select Sector SPDR Fund (XLP) is seeing steady gains this year, rising more than 10%.

Market Domination Overtime host Akiko Fujita names some of the top performers including Walmart (WMT), Costco (COST), Philip Morris (PM), and Colgate-Palmolive (CL).

Walmart is on track for its biggest annual share price gain in decades. On the other hand, Costco continues to drive in big gains with cost-conscious consumers and growth in its e-commerce businesses.

Another consumer doing well is Philip Morris — with the tobacco consumer gaining 30% in its smoke-free products.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Josh Lynch