Portfolio LLC Likes WMT, PEP, XON,T, PM

Lee Munson of Portfolio LLC Asset Management said on CNBC that investors should learn their lessons from RIMM, and go with more defensive stocks. Portfolio Asset Management is still long on Wal-Mart (NYSE: WMT), and they also like Pepsico (NYSE: PEP), Philip Morris (NYSE: PM), AT&T (NYSE: T) and Exxon Mobile (NYSE: XOM).

Wal-Mart (WMT) was slightly up on Monday with an increase in price of 0.06%, and Pepsico (PEP) gained 0.6%. Philip Morris (PM) closed in the positive territory too, with a 0.8% jump, while Exxon Mobile (XOM) added 1.3%. AT&T (T) had the best day among above mentioned companies with a 1.74% gain.