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That doesn't mean that investors should ignore the other parts of Colgate's business. The firm's entrenched in grocery store shelves, and should continue to churn out strong performance from its personal and house care brands, particularly in the U.S.

Colgate is the quintessential blue chip. By that, I mean that the firm has a strong balance sheet, ample cash flows and a history of returning cash to shareholders in the form of dividends. With a yield that currently weighs in at 2.44%, income investors could do worse than CL right now, especially given the firm's upward price trajectory.

Colgate shows up on a recent list of 8 Stocks to Help Keep the Bear Market at Bay. Target

Big-box retailer Target(TGT) is another name that's enjoying strong stock performance in 2012. Since the first trading day in January, shares of the $38 billion retail giant have climbed more than 14%, besting the broad market by a big margin. Target has been making some big changes in the last few years, and now it's just starting to show up on the firm's income statement -- the biggest is the introduction of grocery items.