At first glance, sustainable stocks to buy sounds like a nice concept but that ultimately won’t make you money. If we look at capitalism in the most cynical sense, the ethos strives to maximize profitability while minimizing costs. And it costs money to be sustainable.
However, that may be a poor way of framing the topic. Yes, cutting corners in practices and ethics can yield greater revenue and profitability. However, that’s in the short term.
Over the long run, unsustainable practices are, well, unsustainable. Stated differently, going about business in a shady way merely delays inevitable ruin. Plus, the emerging generation of consumers care deeply about holistic practices .
Ignoring this trend can be detrimental to the bottom line. On that note, below are sustainable stocks to buy. Kellanova (K) Based in Chicago, Illinois, Kellanova (NYSE: K ) falls under the consumer defensive category, specifically packaged goods.
Along with its subsidiaries, Kellanova manufactures and markets snacks and convenience foods. As it relates to sustainable stocks to buy, the company features its MorningStar Farms brand, which focuses on plant-based meat. On the plus side, Kellanova is financially consistent.
Between the second quarter of 2023 to Q1 2024, the company’s average positive earnings surprise came out to 15.23%. However, the not-so-pleasant side is that analysts anticipate a top-line erosion.
For fiscal 2024, revenue may drop down to $12.67 billion, 3.5% below last year’s p.