Consumer Staples watch: Major U.S. food companies (GIS, K, CPB, POST, CAG) have been swept up in...

|By:, SA News Editor

Consumer Staples watch: Major U.S. food companies (GIS, K, CPB, POST, CAG) have been swept up in a rush by investors to dividend-paying consumer staples (XLP) but the tide could be turning with Treasury yields higher and earnings reports from the group looking uninspiring. Rahul Sharma notes the higher exposure to emerging markets of companies like Coca-Cola (KO), Philip Morris (PM), and PepsiCo (PEP) looks appealing with Western shoppers increasingly focused on pricing and volume gains hard to come by.