_________________________
I have been following the impressive run that he consumer staples have had in recent months, but cautioned a few weeks back that they were becoming dangerously overbought. Now that the XLP (ETF for the staples) has pulled in to the rising 50 day moving average, I believe that enough hot money latecomers have been shaken out of chasing the boring old man stocks to warrant taking a look at them here. After all, the overall uptrend still looks to be intact. Moreover, even if the broad market remains soft all summer in terms of risk appetite, I think these plays will continue to be attractive as quality firms offering high yields.
If you are looking for retirement account long-term buy and holds, look no further than the most famous old man stock himself, KO. I also think that CL PG and PM are worth a look here.
_________________________
_________________________
If you enjoy the content at iBankCoin, please follow us on Twitter