3 Stocks Pushing The Consumer Durables Industry Lower

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Consumer Durables industry currently sits up 0.7% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Panasonic Corporation ( PC), up 4.9%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Koninklijke Philips Electronics ( PHG) is one of the companies pushing the Consumer Durables industry lower today. As of noon trading, Koninklijke Philips Electronics is down $0.19 (-0.7%) to $25.59 on light volume Thus far, 324,204 shares of Koninklijke Philips Electronics exchanged hands as compared to its average daily volume of 676,200 shares. The stock has ranged in price between $25.48-$25.66 after having opened the day at $25.54 as compared to the previous trading day's close of $25.78.

Koninklijke Philips Electronics N.V. engages in the healthcare, consumer lifestyle, and lighting product businesses worldwide. The company offers screening, diagnosis, treatment, monitoring, and health management services in cardio-pulmonary, oncology, and women's health areas. Koninklijke Philips Electronics has a market cap of $23.7 billion and is part of the consumer goods sector. The company has a P/E ratio of -24.2, below the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Koninklijke Philips Electronics a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Koninklijke Philips Electronics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Koninklijke Philips Electronics Ratings Report now.

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