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Giroux: Utilities Trump Staples in Defensive Stocks

The Gold-rated T. Rowe Price Capital Appreciation manager also discusses the fund's recent growth picks and attraction to BB-rated bonds.

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Greg Carlson: Hi, I'm Greg Carlson, and I'm an analyst with Morningstar. I'm joined today by David Giroux, the manager of T. Rowe Price Capital Appreciation.

David, thanks for being here.

Greg Carlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.