Newell Rubbermaid Inc (NWL): Today's Featured Consumer Goods Laggard
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.
(
) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Newell Rubbermaid fell $0.27 (-1.0%) to $26.75 on average volume. Throughout the day, 2,452,090 shares of Newell Rubbermaid exchanged hands as compared to its average daily volume of 2,206,000 shares. The stock ranged in price between $26.68-$27.24 after having opened the day at $27.10 as compared to the previous trading day's close of $27.02. Other companies within the Consumer Goods sector that declined today were:
(
), down 12.9%,
Furniture Brands International
(
), down 12.9%,
(
), down 8.0% and
(
), down 7.9%.
Newell Rubbermaid Inc. designs, manufactures, and markets consumer and commercial products worldwide. It operates in six segments: Home Solutions, Writing, Tools, Commercial Products, Baby & Parenting, and Specialty. Newell Rubbermaid has a market cap of $7.8 billion and is part of the consumer durables industry. Shares are up 21.3% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Newell Rubbermaid a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Newell Rubbermaid
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Newell Rubbermaid Ratings Report.
On the positive front,
(
), up 12.8%,
(
), up 9.6%,
(
), up 8.9% and
(
), up 7.4% , were all gainers within the consumer goods sector with
(
) being today's featured consumer goods sector leader.
- Use our consumer goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, 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
(
).
- Find other investment ideas from our top rated ETFs lists.
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