When are strong earnings just not enough? When they come from consumer staples stocks that don’t have strong sales to match.
That said, he still thinks investors need to be selective, as the third quarter will see trends in organic sales growth potential start to shine through, and that could mark out winners and losers. His Buy-rated picks include Colgate-Palmolive , Procter & Gamble , Constellation Brands , Coca-Cola , and Monster Beverage .
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