Building Conservative Growth Portfolio, Continued

Last week, I shared the background and overall asset allocation for my recently introduced “Conservative Growth/Balanced Model Portfolio”.  You can refer back to the article or visit my website to learn more.  As I stated in the previous article, the equity component of the portfolio is overweight relative to the S&P 500 in the Industrial, Consumer Discretionary and Financial Sectors.  I previously shared my basis for taking these exposures.

Last week, I reviewed my selection of an Energy stock, Chevron (CVX) that qualified for inclusion and then my reasons for including three Industrials:  Administaff (ASF), Carlisle Companies (CSL), and Illinois Tool Works (ITW).  This week, I addressed another "overweight" sector, Consumer Discretionary, where we started the model with positions in Bed Bath Beyond (BBBY), Columbia Sportswear (COLM) and Lowe's (LOW).  Today, I would like to review my selection in Consumer Staples, Walgreens (WAG), and in Healthcare, Johnson & Johnson (JNJ).