Consumer staple bellwether? Procter & Gamble (PG +0.5%) holds its Analyst Meeting this week with a sharp focus on if the company can pull a rabbit out of its hat in Q4. After relying on higher prices to offset dips in volume in key categories, execs tipped product innovation and emerging markets to lead the company out of the 1%-4% growth doldrums. For P&G to pull it off, it will have to buck an overall consumer staples trend that looks sluggish globally. PG watching: The Consumer Staples Select Sector ETF (XLP +0.3%) with 13.67% of its assets in the stock, VDC, FXG, IYK, PSL, UGE, SZK.