Some of you may be getting a bit nervous about holding on to a lot of high-flying stocks after the rally that we’ve seen over the past couple of days, and your concerns are warranted – over time the market never goes straight up, and since Wednesday, that is exactly what’s happened, with little in the way of a give-back by the bulls. So I’ve provided below a list of stocks that are more defensive than growth oriented. These are stocks that shouldn’t see a lot of volatility and won’t fall through the floor, should this market experience some profit-taking. In essence, these stocks represent a good balance of companies that are dependable, stable, collect a respectable dividend and hold their value all at the same time.

The names I would focus on foremost is McDonalds (MCD) which could be breaking out here in the near future, Nippon Telegraph (NTT) which is pulling back nicely to its critical support level at the 50-day moving average, Nike (NKE) which I believe is prime for $100, Panasonic (PC) which is bull flagging nicely and touching the 50-day, but needs to push above the 10/20 MA’s.  Praxair (PX) is also trying to breakout, Chunghwa (CHT) is flagging, and Automatic Data Processing (ADP) is currently in the midst of a breakout. 

Here are the 24 Defensive Stock Plays.

 

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