Ingredion Inc

Pricing power is often the hallmark of a fantastic business. While it is rare, there are certain places investors can be more hopeful of finding it.

These high-quality companies, including Bristol-Myers Squibb, Roche and Imperial Brands, span a broad range of sectors and represent good value at current levels, according to Morningstar.

Equities have been in rally mode for most of the past decade and it's not unreasonable to suggest that playing a little defence right now might be a good idea.