Defensive Cash Yield: Pharma, Staples & Oil Majors

Breadth is only about half of stocks and the index sits near its highs. A basket of large, cash-generative defensives with low forward multiples and solid free-cash-flow yields offers ballast. It spans drugs, household staples, integrated oil and managed care, and mostly avoids the crowded growth themes. Launch basket (equal weight): ABBV, MRK, PG, KO, PEP, XOM, CVX, UNH Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.