Traders this week turned to corporations that make recession-proof stuff like cereal and soup, as fears of a possible financial recession mounted. The S & P 500 is down greater than 5% for the week, and the Dow Jones Industrial Common dipped into bear market territory on Friday, as merchants grew frightened that an aggressive charge mountain climbing marketing campaign from the Federal Reserve will push the financial system into recession. Vitality, client discretionary and actual property have been among the many largest underperformers, final down about 8.6%, 6.9% and 6.2%, respectively. Nonetheless, one sector within the S & P 500 weathered the decline higher than others: client staples. The sector managed to outperform this week, down 2%, as traders leaned into the defensive play. Listed below are the seven best-performing shares this week. Common Mills was the highest performing inventory this week. Shares are up 6.8% this week after the meals firm reported an earnings beat and raised its full-year gross sales outlook, citing a lift from larger costs and robust demand for cereal, snacks and pet meals. On Thursday, the inventory traded at an all-time excessive relationship again to 1927. Nonetheless, just one out of 10 analysts on Wall Road have a purchase ranking on the inventory, and it has 4.2% draw back to its worth goal, in accordance with consensus estimates on FactSet. Hershey superior 1.7% this week and is forecasted to have roughly 5% upside to its worth goal, in accordance with FactSet. Nonetheless, there isn’t a consensus on the inventory, as simply 36.4% of analysts have purchase scores. Campbell Soup was the third best-performing inventory this week, up 2.8%. Nonetheless, the meals firm is advisable by simply 5.3% of analysts on FactSet, and is anticipated to have 2.2% draw back to its worth goal. Different shares on this record embody Kellogg , Hormel and Conagra Manufacturers .