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Consumer Companies Up As Investors Look For Safe StocksLast update: 9/15/2008 1:31:16 PM

DOW JONES NEWSWIRES
Investors seeking safe bets pushed up shares of consumer-products companies, which were among the small minority of gainers on the S&P 500 in recent trading. Just over 100 companies on the S&P 500 Index were trading higher recently as the bankruptcy filing of Lehman Brothers Holdings Inc. (LEH) and other dour news from the financial sector sent stocks tumbling. Douglas Christopher, an analyst with Crowell, Weedon & Co., said the market is probably playing toward so-called safe stocks, like Coca-Cola Enterprises Inc. (CCE), up 3% to $18.62, and Pepsi Bottling Group Inc. (PBG), up 1.2% to $32.87. Meanwhile retailers and other companies dependent on consumers' discretionary spending are seeing a lift from falling oil futures, Christopher said. Yum Brands Inc. (YUM) - owner of the KFC, Taco Bell and Pizza Hut restaurant chains - gained 1.4% to $38.58, and retailers Gap Inc. (GPS) and Kohl's Corp. (KSS) rose 1.3% to $19.62 and 0.4% to $51.37 respectively. -By Jennifer Hoyt, Dow Jones Newswires; 201-938-2474; [e-mail]; Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=aprnwPJ%2Bteb%2FqWP%2B8tohNQ%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones NewswiresSeptember 15, 2008 13:31 ET (17:31 GMT)