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Two Ways To Play: Give Consumers Some Credit!


Strengthen your portfolio in good times and bad.

The Wall Street Journal reports consumer borrowing in the US rose about half as much as economists had forecast in July and that figure marked the lowest rate in seven months.

The Federal Reserve said today in Washington that consumer credit outstanding increased $4.6 billion in July to $2.587 trillion. That follows an $11 billion increase in June, which was previously reported to be at $14.3 billion.

Economists were expecting July credit growth to increase to $6.2 billion. Some believe the slowdown suggest that financial stress continues to hit households as borrowing tends to slow with softer spending in a weakening economy.

From the Bull Pen: Bulls continue to favor the consumer staples. One stock some are eying is Kellogg (K) for a possible double-top breakout at $57.

From the Bear Cave: Todd's talked about Visa (V) and MasterCard (MA) not being resistant to the slowing global growth theme. Those bearish can fade (read: sell) the stocks, Visa into its 50 DMA ($74.30) and MasterCard into its 200 DMA ($234).
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No positions in stocks mentioned.

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