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The Wall Street sign is seen outside the New York Stock Exchange

Bye-Bye Cyclicals! Defensives Are the New Market Leaders

breakout A funny thing happened on our way to record highs this week -- the market ushered in new leadership. While names like Tesla, Netflix, and Facebook are still way out ahead on the leaderboard this year, the monthly winners are suddenly all defensives.

  • Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference at the New York Stock Exchange in this June 27, 2007 file photograph. REUTERS/Chip East/Files
    Icahn Family's House of Cards: Father-Son Drama Over Netflix Stake Reuters

    Billionaire investor Carl Icahn is so convinced he was right to sell some of his Netflix Inc stake that he made a big bet - possibly worth hundreds of millions of dollars - with his son Brett, who disagreed with the decision.

    Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference at the New York Stock Exchange in this June 27, 2007 file photograph. REUTERS/Chip East/Files

    Billionaire investor Carl Icahn is so convinced he was right to sell some of his Netflix Inc stake that he made a big bet - possibly worth hundreds of millions of dollars - with his son Brett, who disagreed with the decision.

  • A general view of the Grangemouth oil refinery in east Scotland
    Gore’s Wrong: Renewable Fuels Are Not Replacing Oil & Natural Gas, Says Oil Expert Daily Ticker

    Dan Dicker, an oil trader and author of “Oil's Endless Bid,” disagreed with Gore's comments that the estimated $7 trillion in carbon assets held by multinational energy companies -- specifically oil and natural gas reserves -- will never be burned.

    A general view of the Grangemouth oil refinery in east Scotland

    Dan Dicker, an oil trader and author of “Oil's Endless Bid,” disagreed with Gore's comments that the estimated $7 trillion in carbon assets held by multinational energy companies -- specifically oil and natural gas reserves -- will never be burned.

  • From left, Aetna CEO Mark Bertolini, Humana CEO Bruce Broussard, Blue Cross Blue Shield of Florida CEO Patrick Geraghty, and other health care chief executive officers arrive at the White House in Washington, Wednesday, Oct. 23, 2013, to meet with White House officials regarding President Barack Obama's health care law. (AP Photo/Charles Dharapak)
    Website Contractors Blame Obama Administration Associated Press

    The principal contractors responsible for the federal government's trouble-plagued health insurance website say the Obama administration shares responsibility for the snags that have crippled the system.

    From left, Aetna CEO Mark Bertolini, Humana CEO Bruce Broussard, Blue Cross Blue Shield of Florida CEO Patrick Geraghty, and other health care chief executive officers arrive at the White House in Washington, Wednesday, Oct. 23, 2013, to meet with White House officials regarding President Barack Obama's health care law. (AP Photo/Charles Dharapak)

    The principal contractors responsible for the federal government's trouble-plagued health insurance website say the Obama administration shares responsibility for the snags that have crippled the system.

 
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    POLL

    Carl Icahn has sold his shares in Netflix, reportedly making a $825M profit, or a gain of 457% since last year. When do you get out of a stock?

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