Beam Inc (BEAM): Today's Featured Consumer Durables Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Beam ( BEAM) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Beam fell 66 cents (-1.1%) to $59.47 on average volume. Throughout the day, 543,561 shares of Beam exchanged hands as compared to its average daily volume of 643,900 shares. The stock ranged in price between $59.33-$60.21 after having opened the day at $60.16 as compared to the previous trading day's close of $60.13. Other companies within the Consumer Durables industry that declined today were: SGOCO Group ( SGOC), down 12.1%, Virco Manufacturing Corporation ( VIRC), down 4.4%, Black Diamond ( BDE), down 3.2%, and Cascade Microtech ( CSCD), down 3%.
  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

Beam Inc. engages in producing and selling branded distilled spirits products worldwide. Beam has a market cap of $9.55 billion and is part of the consumer goods sector. Currently there are five analysts that rate Beam a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates Beam as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Elecsys Corporation ( ESYS), up 15.4%, Furniture Brands International ( FBN), up 15%, Lifetime Brands ( LCUT), up 2.8%, and Jarden Corporation ( JAH), up 2.6%, were all gainers within the consumer durables industry with Xerox Corporation ( XRX) being today's featured consumer durables industry leader.

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).

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.

null

More from Markets

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market