3 Stocks Dragging The Consumer Goods Sector Downward
1. As of noon trading, Tesla Motors ( TSLA) is down $9.57 (-4.7%) to $194.13 on average volume. Thus far, 5.5 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 9.6 million shares. The stock has ranged in price between $194.13-$203.70 after having opened the day at $203.70 as compared to the previous trading day's close of $203.70. Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $24.3 billion and is part of the automotive industry. Shares are up 31.8% year-to-date as of the close of trading on Tuesday. 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 sell. The company's weaknesses can be seen in multiple areas, such as its generally high 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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