Sixteen Ways to Play the Spending Spree
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
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