Consumer Staples

Light long exposure in any of the Ags is acceptable but be hedged for flexibility in case of a surprise.
Consumers are eating at home more often, and this trend looks likely to continue.
The stock stumbled when it went ex-dividend, and January puts could pay off nicely.
ConAgra buys Ralcorp because it must buy Ralcorp -- the trend is too powerful not to.
People want their caffeine and sugar jolts.
Michael Kors and G-III may need ‘big boy pants’ in 2013.

Look Into Luxottica Carefully Real Money Pro($)

The current price looks too expensive to expect good returns going forward.
Bravo to Manny Chirico for picking up Warnaco.
The outlooks from Yum! Brands and Safeway will have wide implications.

Columnist Conversation / Market Updates

| Jun 18, 2013
| 6:31 PM EDT
Now up to 962--It flagged things on the way down. could be doing it again.
| Jun 18, 2013
| 4:41 PM EDT
Pool builder is getting pulled under by a strong rip tide after hours. Co lowers FY 13 guidance to $2.03 to $2.13 from ...

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