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Current DateTime: 11:58:34 29 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Feb.17
4:44 PM ET
Tuesday, 17 Feb 2009
Consumer Staples: Buying The Big Guns

Matt King is bullish on consumer staples, and his interest encompasses manufacturing as well as retailing.

He's very specific about which part of the sector to invest in.

"What we do at Bell Investment Advisors is identify long-term trends in the market," he told CNBC. "We think we're on the cusp of one here, of people moving toward being more frugal."

He sees popular attitudes moving toward saving more and spending less, as people were forced to do during the Great Depression.

Recommendations:

"We're very much interested in the Walmarts [WMT  Loading...      ()   ] of the world," he said.  "Walmart's (earnings) report was very positive, once you take out the expenses related to the lawsuit; we're interested in the Procter & Gambles [PG  Loading...      ()   ] of the world, not just those who sell the consumer staples, but those who produce them as well."

Disclosures:

Disclosure information for Matt King was not immediately available.

Disclaimer

© 2009 CNBC.com

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Current DateTime: 01:03:47 29 Nov 2009
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