Goodyear Tire & Rubber Co (GT): Today's Featured Consumer Non-Durables Winner

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.

Goodyear Tire & Rubber ( GT) pushed the Consumer Non-Durables industry higher today making it today's featured consumer non-durables winner. The industry as a whole closed the day up 0.7%. By the end of trading, Goodyear Tire & Rubber rose 44 cents (3.4%) to $13.42 on average volume. Throughout the day, 4.8 million shares of Goodyear Tire & Rubber exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $12.99-$13.49 after having opened the day at $12.99 as compared to the previous trading day's close of $12.98. Other companies within the Consumer Non-Durables industry that increased today were: Summer Infant ( SUMR), up 10.3%, Verso Paper ( VRS), up 8.8%, Joe's Jeans ( JOEZ), up 7.3%, and Tandy Brands Accessories ( TBAC), up 7.3%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires and related products and services worldwide. Goodyear Tire & Rubber has a market cap of $3.21 billion and is part of the consumer goods sector. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are down 6% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate Goodyear Tire & Rubber a buy, one analyst rates it a sell, and two rate it a hold.

TheStreet Ratings rates Goodyear Tire & Rubber as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Inter Parfums ( IPAR), down 5.3%, CTI Industries Corporation ( CTIB), down 5.2%, Standard Register Company ( SR), down 5%, and Exceed Company ( EDS), down 3.5%, were all laggards within the consumer non-durables industry with Estee Lauder Cos ( EL) being today's consumer non-durables industry laggard.

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 ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Intermediate Trade: Goodyear Tire

Goodyear Stock Insulated From Potential Electric Vehicle Dominance

These Stocks Are Ready to Reverse Course

Think Earnings Don't Matter? Goodyear Will Make You Think Again

I Believe 'Ugly' Would Be the Proper Term for the Selloff: Market Recon