Goldman Sachs has named a slew of consumer stocks that could rally alongside the reopening of the global economy following the coronavirus pandemic.
In a European research note last week, the investment bank noted that a handful of consumer staples — i.e. companies whose products tend to always be in demand, even in times of economic downturns — in the region could be about to see significant price gains. This despite expectations of rising inflation that is often viewed as a dampener on demand for consumer goods.
Here's a list of the 13 global stocks, all buy-rated by Goldman Sachs: