Sixteen Ways to Play the Spending Spree

With rebate checks burning holes in consumers' pockets, these top-ranked stocks could clean up

The marketplace is counting on consumers to spend, spend, spend when tax rebates arrive, and Standard & Poor's thinks consumers will pony up more than half of the $45 billion in cuts and rebates expected this summer.

What will newly-flush consumers spend their money on? One possibility: modestly-priced consumer discretionary items like books and home-improvement goods. Some may even splurge on faster Internet access and premium cable TV.

Regardless of where the money goes, companies that provide these products and services could get a big boost. The stocks in this week's screen are part of the Consumer Discretionary sector of S&P's Global Industry Classification Standard. This sector includes automobiles, hotels, media and retail apparel, among others. Each stock is currently ranked 5 STARS (Buy) by S&P's equity analysts. Only companies with market capitalization of at least $500 million were considered for this stock screen.

AOL Time Warner (AOL )

AT&T Liberty Media (LMG.A )

Barnes & Noble (BKS )

Charter Communications (CHTR )

Childrens Place Retail (PLCE )

Clayton Homes (CMH )

Clear Channel Communications (CCU )

Comcast Corp. (CMCSK )

Electronics Boutique (ELBO )

Gemstar-TV Guide (GMST )

Home Depot (HD )

Lennar Corp. (LEN )

Linens N Things (LIN )

SCP Pool Corp. (POOL )

United Rentals (URI )

USA Networks (USAI )

From Standard & Poor's Market Scope