A market uptrend confirmed by the S&P 500 on Oct. 2 continues to look pretty good. The performance of top-rated growth stocks has been mixed at best, but today's Dividend Leaders screen is loaded with consumer staple names that look poised to break out from long consolidations. Some have already started, while others are revving their engines.
Shares ofKimberly-Clark ( KMB ) have been under accumulation in recent weeks, and the stock surged past a 118.05 buy point this week in heavy trading. It formed a long consolidation that started in January. The company reported earnings Wednesday that topped expectations despite current headwinds. Kimberly-Clark, which currently yields around 3%, also raised the low end of its previous 2015 earnings guidance to $5.70-$5.80 a share from $5.65-$5.80.
PepsiCo ( PEP ) is also in an accumulation phase. Shares notched an all-time high Thursday. It's still in a buy range from a 100.86 buy point. Earlier this month, the company topped earnings expectations and lifted its 2015 outlook. It yields 2.8%.
Kellogg ( K ) cleared a base with a 69.95 buy point Thursday. In late September, the company continued its expansion into emerging markets by acquiring Egypt-based cereal and snacks maker Mass Food Group for about $50 million. Last month, it formed a joint venture with Tolaram Africa Foods in a $450 million deal.
Kellogg delivers Q3 results Nov. 3 before the open. The stock's annual yield is 2.9%.
Food distributorSysco ( SYY ), meanwhile, was featured in this space in late September when it was trading near its 10-week moving average. Support panned out, and now the stock looks poised to clear a 41.97 buy point. Earnings are due Nov. 2 before the open.
Sysco on Friday is scheduled to pay a quarterly dividend of 30 cents a share. It yields around 2.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.