Otmane El Rhazi from Investor's Business Daily - Investing RSS.
A change in the market's leadership could be shaping up. The traditionally defensive food stocks and somewhat defensive medical stocks continue to hold many slots in the Top 40 industry groups. But more aggressive plays are beginning to show up. Chief among them is the credit card and payment-processing group, which was No. 21 of 197 groups in Monday's IBD. Six weeks ago, the group was No. 101. This is good news for the bulls on several counts.
A change in the market's leadership could be shaping up. The traditionally defensive food stocks and somewhat defensive medical stocks continue to hold many slots in the Top 40 industry groups. But more aggressive plays are beginning to show up. Chief among them is the credit card and payment-processing group, which was No. 21 of 197 groups in Monday's IBD. Six weeks ago, the group was No. 101. This is good news for the bulls on several counts.
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