The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith and industrials editor and analyst Brendan Byrnes discuss topics across the investing world.

In today's edition, Austin discusses a recent earnings miss by a major consumer goods company. As a sector, consumer goods is a great place for investors to park their money, but that doesn't mean they should frivolously buy shares of whatever company they see. Instead, Austin and Brendan talk through some of the stronger and weaker plays in this space.

Austin Smith has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool owns shares of Clorox and Johnson & Johnson. Motley Fool newsletter services recommend Johnson & Johnson, Kimberly-Clark, Procter & Gamble, and Unilever. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.