AmcorNYSE: AMCR

24/7 Insights Passive income stocks likely will get a big boost when interest rates start to come down.

Summer's here, and since the market is known to move sideways during this season, it might be a good idea to look into passive income. Make your money work for you instead of the other way around—and who knows?

"Dividend Aristocrats

Low consumer spending amid inflationary pressures dampens the near-term prospects for the Zacks Containers-Paper and Packaging industry. However, the likes of PKG, AMCR, ATR, SEE and GEF are poised well to tackle the challenges.

Amcor has opened its European Innovation Center in Belgium. The facility will partner with brands and retailers from across the region to design packaging that delivers better results for consumers and the environment alike.

Dividend Aristocrats are generally excellent stocks for a retiree's passive income portfolio. They generally have wide moats, strong balance sheets, excellent management teams, and the ability to navigate all sorts of economic environments. We provide a diversified portfolio of 10 Dividend Aristocrats that have the potential to fund living expenses indefinitely and grow at a rate that beats inflation.

Dividend aristocrats are reliable and successful companies with a track record of increasing dividends annually for over 25 years. However, it's important to note that no stock is completely without risk, as even these top-performing companies can reduce dividends and face substantial losses. Historical data shows that companies that have cut dividends in the past have experienced significant losses, with a 91% decrease in real value over the last five decades.

Investing a small amount in Amcor

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