Consumer Stocks Keep on Rolling

S&P's Thomas Graves sees consumers continuing to spend, albeit not quite so vigorously, and suggests a few stocks that will benefit

Consumers may not spend as robustly in 2003 as they have in recent years, but their confidence should turn up from the recent dip. And that leads Standard & Poor's to recommend that investors overweight stocks of the consumer discretionary sector in their portfolios. So says Thomas Graves, group head of the S&P analysts covering consumer discretionary stocks, who finds a number of attractive stocks in that area.

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