3 Stocks Pushing The Consumer Durables Industry Higher
1. As of noon trading, VeriFone Systems ( PAY) is up $1.60 (5.3%) to $31.85 on average volume Thus far, 1.9 million shares of VeriFone Systems exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $31.25-$32.45 after having opened the day at $31.26 as compared to the previous trading day's close of $30.25. Verifone Systems, Inc. designs, markets, and services electronic payment solutions in North America and internationally. VeriFone Systems has a market cap of $3.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are down 14.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate VeriFone Systems a buy, 1 analyst rates it a sell, and 4 rate it a hold. TheStreet Ratings rates VeriFone Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full VeriFone Systems Ratings Report now. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass If you are interested in one of these 3 stocks, 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). A reminder about TheStreet Ratings group: 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 model.
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