Nike Inc. (NKE): Today's Featured Consumer Non-Durables Winner
The
industry closed the day up 0.4%.
(
),
(
),
(
), and
(
) were all winners today within the consumer non-durables industry with
(
) being today's featured consumer non-durables winner. Nike Inc rose 92 cents (1%) to $96.75 on average volume. Throughout the day, three million shares of Nike Inc exchanged hands as compared to its average daily volume of 3.5 million shares.
NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessory products for men, women, and children worldwide. Nike Inc has a market cap of $35 billion and is part of the
sector. The company has a P/E ratio of 20.4, above the average consumer non-durables industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 12.2% year to date as of the close of trading on Thursday.
TheStreet Ratings rates Nike 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, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Nike Ratings Report.
On the negative front,
Ever-Glory International Group Inc
(
),
(
),
(
), and
China Shengda Packaging Group Inc
(
) were all losers within the consumer non-durables industry with
(
) being today's consumer non-durables industry Loser Spotlight stock.
- Use our consumer non-durables section to find industry-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 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
(
).
- Find other investment ideas from our top rated ETFs lists.
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