US factory orders rise 4.8 percent in September

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Less exciting stocks like McCormick & Co (NYSE: MKC ) and Clorox co (NYSE: CLX ) are trading near their 52-week highs, and this marks a clear change in leadership, according to Erin Gibbs , portfolio manager at S&P Global Market Intelligence. What Happened Growth stocks have lagged value stocks by a 2-to-1 margin since the beginning of the fourth quarter, and consumer staples and food stocks are among those moving higher, Gibbs said in a recent CNBC Trading Nation segment. Looking forward to 2019, investors can continue investing in high-flying tech names at premium valuations or seek out value players that boast cheaper valuations and also offer higher return potential, she said. Good Names To Be Found Mark Newton, a technical analyst with Newton Advisors, told CNBC that consumer staple stocks as a whole have not only held a much more defensive tone but were the best-performing group over the past three months. There is no guarantee this trend will continue through the typically bullish month of December, and staples stocks might turn around if the S&P 500 index trades above 2,750, he said. The consumer staples group has no shortage of good names, Newton said, mentioning Church & Dwight Co., Inc. (NYSE: CHD ). The stocks chart dating back to January 2016 shows very little sign of any deterioration and also formed a decent base after breaking above the $55 level. The technicals on the chart suggest further upside to at least the low $70s in the weeks to come, he said. Related Links: Buy Tech Or Brace For Epic Downturn? 2 Pros Share Their Strategies To Play The Market Twitter Bear Vs. Bull Debate: A Rally Ahead Or A Lot Of Room To Drop? See more from Benzinga Cramer Doesnt Like Snap — Even At The US-China Trade Truce: You Dont Know For Certain How This Is Going To Play Out Roku Gets An Upgrade To Buy, DA Davidson Says US-China Truce Bodes Well For The Company © 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. View comments
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