Why I’m Bullish on the Consumer Staples ETF for 2010
Wednesday, December 2nd, 2009
Gary Gordon submits:
For kicks and ideas I often work my way through highly publicized stories. And right now, I’ve noticed a prevailing theme in most offline and online features.
For instance, Barron’s says that Pepsico (PEP) is a big-time bargain, trading at 15 times next year’s earnings. Dividend stock pickers consistently mention American food giant Kraft (KFT). And scores of fund managers are disclosing 2010 intentions to increase their stake in steady-Eddies like Procter & Gamble (PG).
