Ever heard the phrase, “It’s a stock picker’s market”? It’s admittedly used too much, and too often used incorrectly. But, it’s not a meaningless cliche. There are times when it makes sense to simply bet on the broad market by investing in an index like the Dow Jones Industrial Average. Other times, it pays to pick individual stocks.
We’re entering a stock picker’s market, if we’re not in one already. And, given that backdrop, fans of blue-chip stocks would do well to buy shares of Procter & Gamble (NYSE: PG) before picking up anything else. It’s uniquely positioned to hold up well in this environment.