Looking ahead, here are some consumer stocks that seem to be poised to soar as we slowly emerge from the Great Recession. Our list was prepared by Standard & Poor’s Equity Research. U.S. News asked S&P to look at the major spending categories and provide its top-rated stocks in each area. “Lennar Corp.: After $4.4 billion of asset impairments since the beginning of 2006, we believe write-offs will continue, albeit at a lower level, in FY 2009. We think Lennar’s joint venture with Morgan Stanley (formed in December 2007), whereby that firm paid $525 million to Lennar for an 80 percent equity stake in acquired land, was beneficial to the company. As of August 31, 2009, Lennar had $1.34 billion in cash to support its working capital and debt obligations.” [Read this article]
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