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As we approach the cyclically sweet period between New Year's resolutions and swimsuit season, investors may think there are profitable opportunities in companies focused on diet and exercise. But you may be wise not to gorge on the stocks.

The Westminster Dog Show, which starts today, is no doubt the most glamorous and widely covered dog TV event in the country. But with all the new, more down-to-earth programming out there, it may be losing its status as the most important dog event in America, especially on TV.Last year's broadcast...