The consumer durables industry closed the day down 2.2%. Kimball International Inc ( KBALB), Steelcase Inc ( SCS), A. T. Cross Company ( ATX), and Herman Miller Inc ( MLHR) were all decliners today within the consumer durables industry with Xerox Corporation ( XRX) being today's featured consumer durables loser. Xerox Corporation fell 26 cents (-3.4%) to $7.47 on light volume. Throughout the day, 12 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 17.7 million shares.

Xerox Corporation engages in the development, manufacture, marketing, service, and finance of document equipment, software, solutions, and services worldwide. The company operates in three segments: Technology, Services, and Other. Xerox Corporation has a market cap of $10.6 billion and is part of the consumer goods sector. The company has a P/E ratio of 10.8, below the average consumer durables industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 32.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Xerox as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.

On the positive front, Eastman Kodak Company ( EK), Elecsys Corporation ( ESYS), Escalade Inc ( ESCA), and Ballantyne of Omaha Inc ( BTN) were all gainers within the consumer durables industry with Hasbro Inc ( HAS) being today's featured consumer durables industry winner.

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).
null