Canon Looks Like a Good Defensive Play

Financially strong companies that have decent yields and low betas make for good defensive plays. These are very appropriate if you are concerned about a possible market correction.

Tokyo-based Canon (CAJ), a maker of cameras, printers and office equipment, offers all the right qualities. Value Line assigns the firm an A for financial strength and an above-average safety rating, and it lists Canon's volatility at about 0.9 relative to Value Line's 1,700-company research universe. At Wednesday afternoon's quote of $30.95, the shares yield about 4.55% before foreign income tax is withheld....311 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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