Here is my list of top defensive plays in this highly volatile market. If you're looking for some nice defensive stocks to go along with the rest of your long positions in the portfolio, then take a look at the list of stocks below that are more defensive than growth oriented. They are stocks that shouldn't see a lot of volatility and won't fall through the floor, should this market experience some additional selling going forward. In essence, these stocks represent a good balance of companies that are dependable, stable, usually collect a respectable dividend and hold their value all at the same time.
Last time I ran this screen, I mentioned McDonalds (MCD) as being one of my favorite plays and today it is breaking out to new highs today. This time around I'd pay attention to Colgate Palmolive (CL) as it is trying to once again bounce off of the 50-day moving average and Southern Company (SO) which is managing to breakout of some heavy consolidation over the past month.
Here are My Top 16 Big-Cap Stock Plays.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>
Get Ryan's Top Six Trade Setups for Profitable Trading eBook for Free!