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It's no secret that defensive industry sectors like consumer staples and utilities have been leading major U.S. stock market benchmarks to all-time new highs. But have stocks in these sectors become overvalued?The Consumer Staples Select Sector SPDR ETF (NYSEARCA:XLP) tracks 42 companies within the S&P 500 involved in food and beverage, drug retailing, household, and personal consumer products.Among the stocks within XLP that have valuations exceeding the broader market include Hershey (NYSE:HSY) with a P/E ratio of 29, Colgate-Palmolive (NYSE:CL) at 23, and Kellogg Co. (NYSE:K) at 23. By comparison, the SPDR S&P 500 ETF (NYSEARCA:SPY) carries a P/E ratio of around 15.The list of boring consumer stocks selling at a premium to the market has pushed the entire staples sector to a P/E level over 17, according to Alta Vista Research. That makes XLP the richest valued sector among the SPDR ETFs tracking the other eight S&P 500 sectors.The P/E or price earnings ratio measures stock valuatio...
Apple Inc. and Caterpillar Inc. results this week will help determine whether the quarterly earnings season is stuck in a well-worn groove: Companies' bottom-line re...
Colgate-Palmolive Co. (CL) Chairman and Chief Executive Ian Cook received total compensation valued at $14.8 million in 2012, a 4.5% increase from the prior year, ac...
With its stock price hovering at nearly $190, cloud computing company Salesforce.com (NYSE:CRM) recently became the first S&P 500 company to unleash a four-for-one s...
The Consumer Staples Select Sector SPDR (NYSE:XLP) is one of several popular ETFs tracking staples stocks. With over $6.4 billion in assets under management, XLP is ...
Colgate-Palmolive (India) Ltd. (500830.BY) Monday said it plans to sell a division to a unit of its holding company, U.S.-based Colgate Palmolive Co. (CL), for a tot...
With the economic recovery struggling to take hold, household goods companies are betting consumers will pay for the latest versions of paper products, shampoo and b...
U.S. stocks rose Thursday, with the Dow Jones Industrial Average closing at another record high, as jobless claims fell to a six-week low, casting a positive spin on...
FBN's Diane Macedo breaks down late-morning market news.
Colgate-Palmolive Co. (CL) said its board has approved a two-for-one stock split and an increase to its quarterly dividend, moves it says reflect its positive outloo...
In a show of confidence about its business prospects, consumer products giant Colgate-Palmolive (NYSE:CL) revealed plans on Thursday to introduce a two-for-one stock...
Centerstate Bank CIO Joe Keating, Zacks.com Senior Equity Strategist Jared Levy, Sierra Investment Management’s David Wright and FBN’s Charles Payne on how to invest in this market environment.
Perhaps it is a sign that investors are favoring value stocks over growth names. Or maybe it is indicative of investors getting defensive in anticipation of a broade...
Clorox Co.'s (CLX) fiscal third-quarter earnings rose 0.8% but sales growth slowed, as the coldest March weather in more than a decade sent Kingsford charcoal sales ...
A slew of highly rated issuers are seeking to borrow in the corporate-bond market Monday, taking advantage of continued low rates and investor demand for good-qualit...
First-quarter earnings of U.S. companies are revealing a notable gap between sales and profits, leading some to point their fingers at the strength of the U.S. dolla...
Colgate-Palmolive Co.'s (CL) first-quarter earnings fell 22% despite higher sales as results were hurt by the Venezuelan government's devaluation of its currency.In ...
Colgate-Palmolive Co.'s (CL) first-quarter earnings fell 22% because of restructuring charges and the impact from a currency devaluation in Venezuela, but the toothp...
Colgate-Palmolive Co.'s (CL) first-quarter earnings fell 22% despite higher sales as results were hurt by the Venezuelan government's devaluation of its currency.In ...
Shares of Dow component Procter & Gamble (NYSE:PG), the world's largest consumer products company, are plunging by more than 4.5 percent Wednesday after the company ...
