The environment is challenging but there are some consumer staple firms with an upper hand in the market.

The consumer staples firms are the basic necessity product makers or more likely which consumers use on daily basis. Though pandemic has impacted consumer staples companies, you rely on their products every single day.

Consumer staples include daily life essentials such as food and beverages, cosmetics, cleaning, and personal hygiene products, tobacco, alcohol, and other daily use items. In the later period of 2020, the stock market made a promising recovery—reflecting a better and retrieval time for companies, this year.

There are some well-positioned stocks in the market regardless of the unprecedented economic conditions. Moreover, the Biden government is expected to make changes that will take some burden off the economy. So, let’s have a look at consumer staples stocks to watch for in 2021.

Procter & Gamble (PG)

Procter & Gamble (PG) is one of the most decorated multinational consumer goods corporations. In tough COVID circumstances, the company kept on running its business with smoothness.

In the recent earnings report, the CFO of Jon Moeller highlighted that they continued the strong momentum in Q4 2020, which PG has created over the past few years—top line, bottom line, and cash. The company reported strong sales, increasing profit, and cash flow.

P&G kept up the good results despite the slowing of the demand from the lockdowns. The organic sales soared over 12% year-over-year in the US. The company ended the quarter on a high note, mainly due to the rising demand for home cleaning and maintenance products.

Furthermore, Procter & Gamble (PG) stock has a big edge, with its dividend delivery. The company will issue a $0.79 per share quarterly dividend in Feb., making it’s the 131st consecutive year of paying dividends in 2021.

Altria Group (MO)

After a bumpy ride in 2020, Altria (MO) is well-positioned to have a decent run in 2020. Thanks to its strategic investments in key growth markets. Altria is a tobacco company that is behind some of the famous brands including Marlboro cigarettes, Black & Mild cigars, Copenhagen, and Skoal chewing tobacco.

Recently, the company posted promising Q4 results—stronger quarterly sales. The quarterly net revenues soared 4.9% year-on-year to $6.3 billion, surpassing analysts’ estimates of $5 billion. While the revenues for the full-year 2020 jumped by 4.2% to $26.1 billion.

Whereas, the full-year earnings grew to $2.40 per share. Upon the recent earnings report, analysts have given the forecast for the fiscal year 2021. The company is projected to record revenues up to $21.2 billion, while the statutory earnings per share are forecasted to jump 91% to $4.59. So, Altria Group (MO) is well-established to continue a strong quarterly performance this year—ultimately driving the stock.

Clorox (CLX)

The Clorox Company (CLX) is the US-based producer and marker of consumer products. Recently, CLX stock has been on the downward side, but it has rallied well in the last year amid the pandemic crisis.

The company is scheduled to report its Q2 FY21 outcomes on February 4. Clorox expects strong growth and an increase in revenue and earnings in Q2. As per the Zacks Consensus estimate, the consumer product manufacturer is set to touch earnings of $1.69 per share. This will be almost a 15.8% rise from a year ago. While the revenues are anticipated to grow by 21.8% year-over-year to $1.76 billion.

So, The Clorox Company (CLX) is set to pump is the earnings report gains the investors’ attention. Overall, CLX stock has a long-term potential with strong quarterly performances during the past year.