Consumer staple stocks are commanding premium multiples these days—talking 45x earnings for quality names like Walmart and Costco. Wild when you think about what growth actually costs in this market. Says something about where capital's flowing and what investors are willing to pay for defensive, recession-resistant plays.
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Consumer staple stocks are commanding premium multiples these days—talking 45x earnings for quality names like Walmart and Costco. Wild when you think about what growth actually costs in this market. Says something about where capital's flowing and what investors are willing to pay for defensive, recession-resistant plays.