3 Consumer Goods Stocks Driving The Sector Higher
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 44 points (-0.2%) at 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.
The Consumer Goods sector currently sits down 0.4% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include
(
), down 16.5%,
(
), down 5.4%,
(
), down 4.2%,
(
), down 3.4% and
(
), down 1.8%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Kellogg is up $0.58 (0.8%) to $68.67 on average volume. Thus far, 831,299 shares of Kellogg exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $68.39-$69.19 after having opened the day at $68.54 as compared to the previous trading day's close of $68.09.
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Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Kellogg has a market cap of $25.0 billion and is part of the food & beverage industry. Shares are up 4.0% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Kellogg a buy, 4 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Kellogg
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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2. As of noon trading,
(
) is up $4.98 (12.7%) to $44.30 on heavy volume. Thus far, 13.2 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $39.55-$44.80 after having opened the day at $39.99 as compared to the previous trading day's close of $39.32.
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Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $7.5 billion and is part of the consumer non-durables industry. Shares are down 47.6% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Michael Kors Holdings a buy, 1 analyst rates it a sell, and 15 rate it a hold.
TheStreet Ratings rates
Michael Kors Holdings
as a
. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full
Michael Kors Holdings Ratings Report
now.
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1. As of noon trading,
(
) is up $21.50 (10.3%) to $229.85 on heavy volume. Thus far, 8.3 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $225.20-$232.74 after having opened the day at $227.00 as compared to the previous trading day's close of $208.35.
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Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. Tesla Motors has a market cap of $27.2 billion and is part of the automotive industry. Shares are down 6.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Tesla Motors a buy, 5 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Tesla Motors
as a
. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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
(
) while those bearish on the consumer goods sector could consider
ProShares Ultra Sht Consumer Goods
(
).