3 Stocks Dragging In The Consumer Goods Sector
1. As of noon trading, Tesla Motors ( TSLA) is down $6.07 (-4.0%) to $146.93 on average volume. Thus far, 7.9 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 11.8 million shares. The stock has ranged in price between $145.65-$150.50 after having opened the day at $149.43 as compared to the previous trading day's close of $153.00. Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $17.7 billion and is part of the automotive industry. Shares are up 351.7% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 3 rate it a hold. TheStreet Ratings rates Tesla Motors as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Tesla Motors Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).
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