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Power Play: Betting on the consumer

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With the odds increasing that the Fed will raise interest rates at the next FOMC meeting in December, it may be time to rebalance your portfolio.

Stifel Portfolio Manager Chad Morganlander tells CNBC's "Power Lunch" on Monday there will be a change in market leadership as low momentum companies start to outperform high momentum ones.

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"As the Federal reserve reverses course and the global economy decelerates, consumer staples will benefit," Morganlander said.

He likes Dr. Pepper Snapple, Hershey, Wal-Mart and Target in this environment. "All four companies are rising dividend companies," Morganlander said.

Dr. Pepper Snapple, Hershey, Wal-Mart and Target are all higher during trading.