Consumer Defensive Sector Looks Fully Valued
Alcohol and tobacco stocks are trading at the greatest discounts to our fair value estimates.
The consumer defensive sector outperformed the broader market in the third quarter, returning 7.6% compared with the market’s 5.1% gain through Sept. 23.
Erin Lash does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.