NEW YORK ( TheStreet) -- You need a translator -- or a soothsayer -- to read the economic tea leaves these days. Signs pointing to a slow economic recovery one day are offset by those pointing to growing spending power in the U.S. On the whole, though, analysts say there is reason for optimism for many consumer goods stocks.

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On Wednesday, for instance, the U.S. Commerce Department reported that sales of newly-built homes spiked by 17.5% in December to a seasonally adjusted annual rate of 329,000. This easily beat the rate of 300,000 that economists, on average, were expecting.

The most recent new home sales figure was a nice improvement from 5.5% growth to 290,000 units in November.

Meanwhile, even as companies continue to lay off workers amid mixed earnings reports, hiring news continues to heat up. Case in point: Google's ( GOOG) plan to hire more than 6,000 workers worldwide.

"The structure of the market remains bullish and offensive in nature at the start of 2011," analysts at XTF Research write in a report. "The market is starting off the new year with the wind at its back, especially when viewed from the long-term standpoint."

In light of all this, ere, we've presented six toy, food and consumer stocks that are highly rated by BMO as consumer spending power appears to heat up in 2011 ...

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