Consumer Defensive Stocks On The Radar: CLEU, PLAG, GROV, TKLF, WTER

Defensive stocks are often in high demand among consumers and especially so during uncertain economic climates. These stocks continue to provide dividends and offer resilience during downward economic cycles. Investors often try to include such stocks in their portfolios to ride out bad stock market cycles.  This feature would provide a quick look into five defensive stocks from the consumer sectors.

China Liberal Education Holdings Limited (NASDAQ:CLEU) – The China-based company is involved in the operation of two colleges and also offers smart campus solutions as well as related education-related services. On July 7 China Liberal Education Holdings Limited that it had received a notification from the Listing Qualifications Department of NASDAQ. In the letter, it was notified to the company that it had regained compliance with regards to the minimum bid price requirement rules and that matter had been closed.

The company had been informed on February 15, 2023 that it had failed to maintain the minimum bid price of $1 a share for its stock over 30 consecutive trading days. It had been provided with a period of 180 days or up until August 14, 2023, to regain compliance. In the letter dated July 7, 2023 it had been noted by the Listings Department that the company had managed to have a closing bid price of at least $1 a share for a period of 12 consecutive business days.

Planet Green Holdings Corp (NYSEAMERICAN:PLAG) – The company is involved in providing online advertising, chemical products, mobile games, and consumer products in the North American and Chinese markets. On July 18 Planet Green Holdings Corp announced that Allinyson Ltd, its subsidiary unit, had been successful in launching the engaging mobile game Solitaire King. The company went on to add that the game was powered by advanced artificial intelligence technologies. It is a card game that helps users to relax and train their brains through fun animations. It also offers the choice of playing offline.

Allinyson managed to automate the development of the game through the deployment of big data analysis and deep learning. The Chief Executive Officer and Chairman of the company Bin Zhou noted that everyone at the company was thrilled at the fact that the power of artificial intelligence had been deployed to develop the latest game. He went on to add that the deployment of artificial intelligence not only made the game more intelligent but also more immersive.

Grove Collaborative Holdings Inc (NYSE:GROV) – The certified B Corp and sustainable consumer products leader Grove Collaborative Holdings Inc could be one to watch out for. On May 31, the company released its sustainability report for the 2022-23 period. The report made an introduction to the new sustainability programs that had been initiated by the company. Some of those include a roadmap of going completely plastic-free and also reiterated its focus to turn the consumer products space into a positive force for the world.

The co-founder and Chief Executive Officer of Grove Collaborative Holdings Stuart Landesberg noted that everyone at the company was pleased at having been able to share the fourth sustainability report from the company. He went on to add that it was a reflection on the sort of progress that had been made by the company. He also noted that the company was also moving closer to its vision to have a positive impact on the lives of people from consumer products.

Yoshitsu Co Ltd (NASDAQ: TKLF) – The company, which is involved in the retailing and wholesaling of Japanese beauty products, in addition to other products in Japan, announced its financial results for the fiscal year that ended on March 31, 2023, on July 31. Yoshitsu Co Ltd announced that it had generated revenues of $169.7 million, which worked out to a decline of 27.7% from the previous year. The decline in revenues had mainly been brought about by the drop in revenues from the online stores and the brick-and-mortar stores which are directly operated by Yoshitsu.

However, that decline had been balanced somewhat by the revenues that the company had earned from its wholesale customers and the franchise stores. The decline in revenues from directly operated stores had been brought about by the weakness of the Japanese Yen compared to the United States Dollar. The company suffered net losses of $8 million, which was a big swing from the $3.9 million in profits the previous year.

The Alkaline Water Company Inc (NASDAQ:WTER) – The company is a clean beverage company and also the biggest independent alkaline water firm. On July 6 Alkaline Water Company Inc announced that it was going to expand its Alkaline88 1.5 liter and 750 ML aluminium products distribution through the Sprouts Farmers Markets.

The pair of single shelve products had been available on dry shelves across the chain. However, the premium grocery would also provide the products in the Grab and Go cooler section in its stores. The move could prove to be a significant one for The Alkaline Water Company since it would expand the brand beyond its usual water aisle shoppers and attract fresh consumers.