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Dump These 3 Spooky Blue-Chip Stocks Now

Move to sell these after nice October gains

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Procter & Gamble

Procter & Gamble (NYSE:PG)If you ever want to gauge the fear level in the market, look no further than a stock like Procter & Gamble (PG). This slow-growing consumer staple behemoth gained nearly 8% in October. That kind of growth is just unnatural for a stock like this.

If you own the stock, you should cash out those big gains immediately — PG will rarely jump that much in a full year. Going forward, I would expect some sort of reversion to the mean. The 3% dividend is nice, but not if the stock retreats from current levels. With the company expected to grow profits by single digits, and with shares trading for 19 times current fiscal year estimated earnings, I’d stay far away from this spooky stock.

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