Some Consumer Stocks Are Still a Buy
The consumer will continue to power the economy -- but not quite so energetically as in the recent past. So investors will need to be more selective in shopping for consumer stocks. That's the lesson from Thomas Graves, head of Standard & Poor's Investment Advisory Services' group of analysts covering consumer-discretionary stocks. Nevertheless, he says S&P continues to recommend overweighting stocks in that sector. Among the trends Graves notes are consumers' tendency to concentrate more spending on their homes and their use of the Internet to comparison-shop.
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