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Stock Picker: Stick With Stable Staples

Andrew Fisher
Wednesday, 27 Aug 2008 | 9:44 AM ET

There may be an upturn coming, but Michael Farr isn't ready to bet on it just yet. The president of Farr, Miller and Washington says stocks in companies that produce consumer staples are a lot more promising than those that produce discretionary goods.

"I think that betting on consumer discretionary is way too premature," he told CNBC. "Stick with the staples."

Recommendations:

"I like Pepsi, I like Sysco, Colgate Palmolive, I like Procter & Gamble ," he said. "I like these core names; they're very stable during periods like this; they've got strong double-digit earnings growth; they've got 2 to 3 percent dividends, on average; they weather through periods like this."

Battle of the Consumer Stocks
Debating whether staples or discretionary is the better bet, with Craig Columbus, Advanced Equities Asset Management; Michael Farr, Farr, Miller & Washington; and Vince Farrell, Soleil Securities

Disclosures:

Disclosure information for Michael Farr was not immediately available.

Disclaimer

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