This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Harman International Industries Inc. (HAR): Today's Featured Consumer Durables Winner

Harman International Industries ( HAR) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole was unchanged today. By the end of trading, Harman International Industries rose $3.17 (7.5%) to $45.68 on heavy volume. Throughout the day, 1.9 million shares of Harman International Industries exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $42-$46.03 after having opened the day at $43.14 as compared to the previous trading day's close of $42.51. Other companies within the Consumer Durables industry that increased today were: Nautilus Group ( NLS), up 5.2%, Appliance Recycling Centers ( ARCI), up 4.6%, Sturm Ruger & Company ( RGR), up 3.3%, and Callaway Golf Company ( ELY), up 3.2%.

Harman International Industries, Incorporated engages in the development, manufacture, and marketing of audio products and electronic systems primarily in the United States, Germany, and other parts of Europe. Harman International Industries has a market cap of $2.97 billion and is part of the consumer goods sector. The company has a P/E ratio of 10.2, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Thursday. Currently there are two analysts that rate Harman International Industries a buy, one analyst rates it a sell, and one rates it a hold.

TheStreet Ratings rates Harman International Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Mad Catz Interactive ( MCZ), down 3.8%, Entertainment Gaming Asia ( EGT), down 3.3%, LSI Industries ( LYTS), down 3.2%, and Global-Tech Advanced Innovations ( GAI), down 3.2%, were all laggards within the consumer durables industry with Newell Rubbermaid ( NWL) being today's consumer durables industry laggard.

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).

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!
DOW 17,162.25 +187.94 1.11%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,568.3010 +19.0750 0.42%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs