Clorox, Kenvue among consumer staples to buy now, Barron’s says

Consumer staples stocks have had a tough run lately amid concerns about rising bond yields, the health of the U.S. consumer, and the introduction of obesity drugs. But even with many worries, there are some consumer staples stocks with healthy and growing dividends, thanks to strong balance sheets, good cash flow, and resilient underlying businesses, Lawrence C. Strauss writes in this week’s edition of Barron’s. Clorox (CLX), Haleon (HLN), Kenvue (KVUE), Lamb Weston (LW), and Procter & Gamble (PG) are five consumer staples stocks whose dividends should continue to grow, even in a tougher economy, the author adds.