The last of the "horsemen" is none other than the leader of the pack, Procter & Gamble ( PG). Is it living up to the last half of its name ("Gamble") to own shares at $81.43, or today's 52-week high of $81.70?

Come on folks, these are not companies with 30% profit margins and 40% operating margins. PG, as of the end of 2012, had a profit margin of 15.5% and an operating margin of 19.77%. It will tell us about its first-quarter 2013 earnings on Wednesday.

Right now, as with the other members of the four horsemen, PG's dividend yield-to-price is below 3% representing a 50% payout ratio. PG and the other three are all great companies, and KMB's earnings report today gives us much to cheer about.

But how high can consumer goods stocks soar? I'm guessing we've just experienced a temporary top and we're getting ready for a "cooling off" period. We'll see.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

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