Jefferies Buys Staples as Gas Hits $3.50

Jefferies advises investors to buy large‑cap consumer staples stocks as gasoline prices rise above $3.50 per gallon.
The firm notes that such price levels have historically caused brief near‑term dips in staples growth but are short‑lived.
Jefferies maintains buy ratings on Coca‑Cola, Monster Beverage, Procter & Gamble, Clorox and Church & Dwight.
The short‑term dip is presented as a buying opportunity for investors.