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5 Stocks Pushing The Consumer Goods Sector Lower

3. As of noon trading, Nike (NKE) is down $0.95 (-1.0%) to $98.25 on light volume Thus far, 597,404 shares of Nike exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $98.06-$99.57 after having opened the day at $99.14 as compared to the previous trading day's close of $99.20.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide. Nike has a market cap of $35.9 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Nike a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, 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 Nike 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

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