Magna International Inc. (MGA): Today's Featured Consumer Goods Loser

Magna International ( MGA) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods loser. The sector as a whole closed the day up 0.9%. By the end of trading, Magna International fell 22 cents (-0.6%) to $38.77 on average volume. Throughout the day, 959,573 shares of Magna International exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $38.26-$39.28 after having opened the day at $39.22 as compared to the previous trading day's close of $38.99. Other company's within the Consumer Goods sector that declined today were: Entertainment Gaming Asia ( EGT), down 16.3%, Agria Corporation ( GRO), down 8.9%, Johnson Outdoors ( JOUT), down 7.6%, and China Xiniya Fashion ( XNY), down 6.5%.

Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules and components, and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. Magna International has a market cap of $9.27 billion and is part of the automotive industry. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 15.5% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate Magna International a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Champion Industries ( CHMP), up 23.1%, Alliance One International ( AOI), up 11.2%, Mad Catz Interactive ( MCZ), up 10.9%, and Spartech Corporation ( SEH), up 9.6%, were all gainers within the consumer goods sector with BRF - Brasil Foods ( BRFS) being today's featured consumer goods sector winner.

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 ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).
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