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While it's not a financial or a consumer stock, the health-care industry is one that has lagged the market for some time, and Pfizer is one of several health-care companies among Legg Mason Value Trust's holdings.
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As a multinational consumer stock, Procter & Gamble suffers when foreign currency weakens against the U.S. dollar.
Another of the fund's top holdings is CVS Caremark, technically a consumer staple stock, but one that Rosenbluth expects to benefit alongside pharmaceutical stocks thanks to 32 million more Americans who presumably will soon be insured and going to the doctor to get prescriptions.
He added that "the endgame of a technology stock is that it becomes a capital goods or a consumer durables stock".
Fries also likes CVS as a "consumer staple" stock.
Yet it is valued like a consumer electronics stock, with a price that is a scrawny 0.5 times annual sales and 14 times the earnings I expect for 2005.
That's especially true if you're thinking about buying a consumer discretionary stock based on your earnings expectations, as few sectors have as much variation in quarterly performance.
Another consumer stock I highlighted as an investment was Gap.
PepsiCo is one such consumer stock favored by Corba.
Other consumer stock winners today included Colgate Palmolive and Gillette.
Indeed, Third Point's nearly 40percentt gain last year was more attributable to placing savvy bets on a rebound in consumer stocks, the rising fortunes of gold and a surge in the value of beaten-down mortgage-backed securities than from agitating for change at a company or even shorting stocks.
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CEO of Professional Science Editing for Scientists @ prosciediting.com