1. Examples of consumer discretionary stocks include:

A. airline and railroad stocks.

B. lodging and retailing stocks.

C. HMOs and hospital company stocks.

D. insurance and brokerage stocks.

2. Materials stocks tend to do the best during:

A. all phases of the market and are considered immune from market cycles.

B. the mid-to-late bull phase of the stock market.

C. the early bull phase of the stock market.

D. the early bear phase of the stock market.