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From David Rosenberg's daily post:

Who has Good Pricing Trends at a time of -5.0% PPI?
We also ran sector screens on actual pricing power using the PPI, which is deflating at a 5.0% YoY pace, the most pronounced deflation rate in 50 years. The key is to identify the sectors whose pricing is not deflating, let along making new 50-year lows. So what is hanging in well? Soft drinks, alcoholic beverages, chicken producers, confectionary products, pet food/pet products and toys/games all look good.

I like Femsa and DEO.
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