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3 Consumer Stocks in Hot Water

Consumer staples stocks are solid insurance policies in frothy markets ripe for corrections. The flip side is that they frequently fall behind growth industries when times are good, and this perception became a reality over the past six months as the sector was down 7.9% while the S&P 500 was up 7.9%.

Sanctioned Russian crypto exchange suspends services as Tether blocks wallets

Russian cryptocurrency exchange Garantex on Thursday said stablecoin Tether had blocked digital wallets on its platform holding more than 2.5 billion roubles ($28 million), forcing it to suspend operations days after coming under EU sanctions. The European Union included Garantex in its 16th sanctions package against Russia over the conflict in Ukraine on February 24, accusing the crypto exchange of being closely associated with EU-sanctioned Russian banks and responsible for circumventing EU sanctions. "Tether has entered the war against the Russian crypto market."

3 Consumer Stocks in the Doghouse

Most consumer discretionary businesses succeed or fail based on the broader economy. Lately, it seems like demand trends have worked in their favor as the industry has returned 6.2% over the past six months, similar to the S&P 500.