Consumer Staples Rotate into Focus
Consumer staples are on the move and gaining ground on earnings and deal news, many hitting multi-year highs.
Among the ten S&P 500 sectors in 2010, companies in the consumer staples sector finished in seventh place, up 10.6 percent for the year. So far in 2011, however, staples have moved into fifth place, up about 7 percent.
The other four sectors currently leading the way are: healthcare, energy, industrials and consumer discretionary.
Could a potential pullback in the stock market bring consumer staples back into focus?
Here is a look at some of the staples companies trading near a new 52-week high.