Despite the conventional wisdom of "buy what you know", Consumer Services contains some businesses like retail and restaurants that are very difficult to build a lasting moat in. However, there are opportunities here. This article outlines the criteria for attractive Consumer Services picks from the Magic Formula.

ChangeWave’s latest consumer survey shows a sudden huge pullback in electronics purchasing by U.S. consumers – the largest one since they began measuring spending trends back in 2002.

Only 19% of survey respondents say they'll spend more on electronics over the next 90 days compared to 33% who will spend less – an unprecedented sign of weakness in this space.