iShares Global Consumer Staples ETF [KXI] Stock Forecast

40% of the online merchandise for U.S. retailers is on sale as we enter Black Friday week of 2022. The average percent discount in November is 36.3%; this has come down from the YTD levels of 37.6% and is significantly below the pre-pandemic levels.

KXI trades at almost the same multiple as IYK. However, there is more downtrading risk and private label competition in European consumer staples stocks.

Global stocks have been on a wild ride this year due to rising recession risks.

KXI has been very resilient in price, but if a recession hits hard, the same security might not present itself in the fundamentals of the portfolio companies. Downtrading is a real risk for consumer staples investors.

The tobacco industry stays on top of the sector regarding valuation and quality scores. Food and staples retail is the most overvalued industry.

The current environment calls for capital preservation. The 10Y/2Y yield spread signals higher recession risk.

Fernandes: U.S. retail sales in June 2020 were already higher than in December 2019. Fernandes: US consumer is in a much better position than they were in 2008.

The global food price index has been posting monthly increases for 12 straight months. KXI's top holding, Nestle, expects inflation to be a persistent phenomenon this year and recently undertook price increases.

Q2 2021 Sector Ratings For ETFs And Mutual Funds

The iShares Global Consumer Staples ETF provides exposure to 91 Consumer Staples equities worldwide for an annual cost of 0.46%. In the last 10 years, a U.S.-only Consumer Staples ETF has been the better investment by about 2% per year.

iShares Global Consumer Staples ETF is a US stock and trading under the symbol KXI

iShares Global Consumer Staples ETF stock price is $59.96 today.

Yes, iShares Global Consumer Staples ETF is a publicly traded company.