Progress Energy Inc. (PGN)

(Market Call Minute.) If you like gas, it is a Buy.

Household products. Globally positioned across a lot of markets. Demand for their products tends to be more stable. New management team. Raw material costs have gone up and their margins are still feeling that. Quarterly report is due soon so wait for that before buying.

Not cheap, but one of the most defensive consumer staples. Has been a laggard over the last year because of margin squeezes because of rising costs.

Yields about 5.3%. Has a dividend growth rate of about 5%.