|Last Price$68.17||Day Change (%)0.34%|
|Open Price$68.28||Day Change ($)0.23|
|Day Range68.01–68.84||52-Week Range59.75–96.88|
As of Mon 10/24/2016 11:30:00 AM | USD
We believe better investment opportunities exist in the retail defensive space.
Top managers were finding new places to put money to work and adding to existing high-conviction ideas in the first quarter.
Consumer defensive firms look to offset muted growth by beefing up their competitive positioning, and select opportunities for investors remain.
Plus: Sizing up the ECB's actions, what the BP ruling means for investors, and more.
Amid the current challenging environment for defensive names, we see several opportunities for long-term investment in wide-moat companies at reasonable discounts.
As credit spreads have tightened on a nearly continuous trend over the past year, they are becoming richly valued relative to their historical average.
Slower long-term growth in China is probably an economic reality.
Widening investment-grade credit spreads and rising interest rates lead to losses.
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