Sony Corporation (SNE): Today's Featured Consumer Durables Winner

Sony Corporation was a winner within the consumer durables industry, rising $0.29 (1.4%) to $21.48 on light volume
By TheStreet Wire ,

Sony Corporation

(

SNE

) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole closed the day up 2.0%. By the end of trading, Sony Corporation rose $0.29 (1.4%) to $21.48 on light volume. Throughout the day, 2,134,580 shares of Sony Corporation exchanged hands as compared to its average daily volume of 5,029,300 shares. The stock ranged in a price between $21.28-$21.69 after having opened the day at $21.50 as compared to the previous trading day's close of $21.19. Other companies within the Consumer Durables industry that increased today were:

Steinway Musical Instruments

(

LVB

), up 15.9%,

Global-Tech Advanced Innovations

(

GAI

), up 13.7%,

Emerson Radio

(

MSN

), up 8.3% and

Kid Brands

(

KID

), up 7.1%.

Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. Sony Corporation has a market cap of $21.5 billion and is part of the consumer goods sector. The company has a P/E ratio of 6.0, below the S&P 500 P/E ratio of 17.7. Shares are up 89.2% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Sony Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Sony Corporation as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

On the negative front,

Appliance Recycling Centers Of America

(

ARCI

), down 6.5%,

Jakks Pacific

(

JAKK

), down 1.9% and

Gaming Partners International Corporation

(

GPIC

), down 1.6%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider

Consumer Discretionary Sel Sec SPDR

(

XLY

) while those bearish on the consumer durables industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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