The Dow closed yesterday at 7,936.83–its lowest level since November 20, which marked the lowest close of the last five years. The market is clearly worried at the fate of the stimulus bill and the coming plans for a bad bank.
You've probably heard me say, "Our best offense is a strong defense of fundamentally superior stocks." In light of all the recent market gyrations, this statement rings even more true as the current third-quarter earnings season heats up. Today, I'll review three prime defensive plays that have just reported earnings, and my current advice for each stock: