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Thursday, August 24, 2006

Recession Stocks

The recent action in the beverages, tobacco, pharmas, and consumer goods stocks has been bullish. While industrials like Caterpillar (CAT) and transports like YRC Worldwide (YRCW) have been hammered. Keep an eye on the "safe" stocks.

Stocks At 52-Week Highs
Coca Cola (KO)
Pepsi (PEP)
Altria (MO)
Lockheed Martin (LMT)
Anheuser Busch (BUD)
Forest Labs (FRX)
Baxter (BAX)
Safeway (SWY)
UST (UST)

Note: I am long KO & MO

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