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TheStreet Wire

Beam Inc (BEAM): Today's Featured Consumer Durables Winner

By TheStreet Wire 07/02/12 - 05:00 PM EDT

Find out if (BEAM) is in Cramer's Portfolio.

Beam (BEAM) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole closed the day up 1.1%. By the end of trading, Beam rose 72 cents (1.1%) to $63.21 on average volume. Throughout the day, 725,354 shares of Beam exchanged hands as compared to its average daily volume of 966,500 shares. The stock ranged in a price between $62.44-$63.21 after having opened the day at $62.51 as compared to the previous trading day's close of $62.49. Other companies within the Consumer Durables industry that increased today were: Champion Industries (CHMP), up 22.2%, Generac Holdings (GNRC), up 15%, Furniture Brands International (FBN), up 7.3%, and Mad Catz Interactive (MCZ), up 5.7%.

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Beam Inc. engages in producing and selling branded distilled spirits products worldwide. Beam has a market cap of $9.64 billion and is part of the consumer goods sector. Currently there are five analysts that rate Beam a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Beam as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full Beam Ratings Report.

Use our consumer durables section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods (SZK).

Find other investment ideas from our top rated ETFs lists.

For more information on Beam Inc click any of the following:

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