Consumer Goods Stocks On The Rise With Help From 3 Stocks
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 111 points (0.6%) at 18,244 as of Monday, March 2, 2015, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,773 issues advancing vs. 1,212 declining with 168 unchanged.
The Consumer Goods sector currently sits up 0.5% versus the S&P 500, which is up 0.4%.
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, Nike is up $1.24 (1.3%) to $98.36 on average volume. Thus far, 1.7 million shares of Nike exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $96.75-$98.65 after having opened the day at $96.89 as compared to the previous trading day's close of $97.12.
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 $66.6 billion and is part of the consumer non-durables industry. Shares are up 1.0% year-to-date as of the close of trading on Friday. Currently there are 14 analysts who rate Nike a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Nike
as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
2. As of noon trading,
(
) is up $0.16 (0.9%) to $16.50 on light volume. Thus far, 8.5 million shares of Ford Motor exchanged hands as compared to its average daily volume of 28.2 million shares. The stock has ranged in price between $16.40-$16.55 after having opened the day at $16.41 as compared to the previous trading day's close of $16.34.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. Ford Motor has a market cap of $63.6 billion and is part of the automotive industry. Shares are up 5.4% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Ford Motor a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Ford Motor
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
1. As of noon trading,
(
) is up $1.16 (0.9%) to $129.62 on light volume. Thus far, 20.6 million shares of Apple exchanged hands as compared to its average daily volume of 57.6 million shares. The stock has ranged in price between $129.02-$130.28 after having opened the day at $129.25 as compared to the previous trading day's close of $128.46.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. Apple has a market cap of $759.6 billion and is part of the consumer durables industry. Shares are up 16.4% year-to-date as of the close of trading on Friday. Currently there are 24 analysts who rate Apple a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Apple
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 notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
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
(
).
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