The Next Procter & Gamble

In the category of "Things That Go Bump in the Night," I'm beginning to sense an opportunistic shift happening in the stock market right now under our noses and under the radar". There's been plenty of media hype about the possibility of interest rates rising as investors continue to dump bonds and buy stocks with good dividends. That's driven companies like Procter & Gamble (PG_) up to new 52-week highs. Investors have been chasing yield and that's partly why the blue-chip stock dividend payers including PG and Johnson & Johnson (JNJ_) have been driven upward to unsustainably high price levels.

I'm suggesting the possibility of a temporary sector rotation out of the high-flying DDS-type equities and into sectors where stock prices haven't gone ballistic yet. On his TV show "Mad Money", Jim Cramer referred to this possibility as well and identified some sectors that may benefit from such a sector shift. Jim mentioned the financials, the insurance companies and even the transportation sector. It may be true the next PG-style investment opportunity may be in a laggard such as Prudential Financial (PRU_).

Source: The Street

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