A quick check back to 2009 will show that there really are no defensive stocks. What does Unilever's sales warning tell us about the health of the global consumer? Jope didn't go into details, but clearly the move to a just-in-time consumer is impacting consumer products companies. The bottom line on Unilever's conference call was that this sales shortfall would have no impact on the bottom line. So, if you trust Unilever's management to deliver historic rates of revenue and earnings growth in future periods, it is possible that you have been eating too much Ben and Jerry's and are suffering from a sugar high.

Source: Forbes December 17, 2019 15:56 UTC