3 Stocks Pushing The Consumer Durables Industry Higher
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelTwo out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.The Consumer Durables industry currently sits up 0.7% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Panasonic Corporation (PC), up 4.9%.TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:3. Generac Holdings (GNRC) is one of the companies pushing the Consumer Durables industry higher today. As of noon trading, Generac Holdings is up $2.58 (7.5%) to $36.93 on heavy volume Thus far, 2.3 million shares of Generac Holdings exchanged hands as compared to its average daily volume of 402,400 shares. The stock has ranged in price between $34.91-$37.45 after having opened the day at $35.20 as compared to the previous trading day's close of $34.35. Generac Holdings Inc. designs, manufactures, and markets a range of generators and other engine powered products for the residential, light commercial, industrial, and construction markets in the United States and Canada. Generac Holdings has a market cap of $2.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 6.0, below the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Generac Holdings a buy, no analysts rate it a sell, and 6 rate it a hold.TheStreet Ratings rates Generac Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Generac Holdings Ratings Report now.
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