Shifting to Defensive Stocks
Recently there seems to be a lot of rotation out of semiconductors, brokers, metals, and Brazil/India and into more defensive names. Roberto over at Nasdaq Trader likes to look at stocks that are positive (in the green) on days when the market is down. I have noticed a lot of the more defensive stocks pop up. Today there is relative strength in what I consider to be defensive stocks such as Proctor and Gamble (PG), Coke (KO), Pepsi (PEP), Microsoft (MSFT), Bank of America (BAC), UST Inc. (UST), General Mills (GIS), & Kellogg (K). Keep an eye on the defensive names.