Defensive Posture?
Give the consumer staples group a bit of acknowledgment as over the last one year period, they are the fourth best major S&P sector performer, higher by nearly 27%. That should be commended, as this group is prone to pay decent dividend yields and offer market participants at nice potential capital appreciation. Of course the group will have its fair share of leaders and laggards. Pepsi, for one registered one of its best weekly gains in one year, advancing 5% and bursting above a 140.55 cup base pivot. Kellogg which pays a yield more than 3% has gained 10 of the last 12 weeks, and is approaching a WEEKLY cup base trigger in a pattern 16 months long. Estee Lauder, seemingly a perennial winner, has added 75% over the last one year period. To be balanced the ratio chart below shows how it has not been able to cooperate in the same manner the S&P 500 has. Do not let that deter you from sifting through some nice names in the space.