3 Stocks Pushing The Consumer Non-Durables Industry Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 29 points (-0.2%) at 17,702 as of Tuesday, Nov. 10, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,315 issues advancing vs. 1,646 declining with 122 unchanged.
The Consumer Non-Durables industry currently sits down 1.0% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was
(
), up 2.8%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Consumer Non-Durables industry lower today. As of noon trading, Foot Locker is down $2.67 (-4.0%) to $64.55 on heavy volume. Thus far, 2.1 million shares of Foot Locker exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $64.50-$66.00 after having opened the day at $65.91 as compared to the previous trading day's close of $67.22.
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Foot Locker, Inc. operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. Foot Locker has a market cap of $9.3 billion and is part of the consumer goods sector. Shares are up 19.6% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate Foot Locker a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Foot Locker
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
now.
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2. As of noon trading,
(
) is down $3.94 (-2.9%) to $130.40 on average volume. Thus far, 429,685 shares of Ralph Lauren exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $130.14-$134.70 after having opened the day at $133.65 as compared to the previous trading day's close of $134.34.
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Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: Wholesale, Retail, and Licensing. Ralph Lauren has a market cap of $8.2 billion and is part of the consumer goods sector. Shares are down 27.4% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Ralph Lauren a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Ralph Lauren
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full
now.
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1. As of noon trading,
(
) is down $0.83 (-0.6%) to $129.65 on light volume. Thus far, 875,414 shares of Nike exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $129.53-$130.69 after having opened the day at $130.09 as compared to the previous trading day's close of $130.48.
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NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. Nike has a market cap of $88.9 billion and is part of the consumer goods sector. Shares are up 35.7% year-to-date as of the close of trading on Monday. Currently there are 20 analysts that rate Nike a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Nike
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows weak operating cash flow. 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 non-durables industry could consider
Consumer Staples Select Sector SPDR
(
) while those bearish on the consumer non-durables industry could consider
ProShares Ultra Sht Consumer Goods
(
).