For him, consumer staples, health care, energy and some cyclical stocks fit that description.

Energy, transportation and consumer staples also did well yesterday.

A. I would underweight some of the more defensive areas, like consumer staples and health care stocks.

These include utilities, consumer staples and health care, he said.

Among these are drugs, consumer staples and old-line industrial companies.

Then, among domestic stocks, he favored conservative sectors like health care and consumer staples.

"In a weak economy, spending on consumer staples tends to hold up fairly well."

In consumer staples, we look at something like Sysco, a food distributor.

That is especially true in sectors like health care and consumer staples, he said.

Plans to phase out price controls on consumer staples have been indefinitely postponed.