Getting Defensive with Consumer ETFs
Gary Gordon submits:
On February 8, Morningstar greeted its ETF readers with a spotlight on a “valuation attractive” segment, consumer staples. The virtues of consistent dividend returns from the likes of Procter & Gamble (PG), Coca-Cola (KO) and Wal-Mart (WMT) were discussed as well.
CNBC viewers who watch the rantings and ravings of J. Cramer have also been receiving admonishments. His concern? White House plans for the banking establishment signify a need to stick with the “never-go-away” companies like Altria (MO) and Johnson & Johnson (JNJ).
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