Tesla Motors Inc. (TSLA): Today's Featured Consumer Goods 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

Tesla Motors ( TSLA) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 0.2%. By the end of trading, Tesla Motors rose $2.36 (4.9%) to $50.19 on heavy volume. Throughout the day, 3,912,518 shares of Tesla Motors exchanged hands as compared to its average daily volume of 2,268,000 shares. The stock ranged in a price between $47.75-$50.20 after having opened the day at $48.60 as compared to the previous trading day's close of $47.83. Other companies within the Consumer Goods sector that increased today were: Chromcraft Revington ( CRC), up 25.0%, Chiquita Brands International ( CQB), up 10.9%, Lululemon Athletica ( LULU), up 8.1% and Xerium Technologies ( XRM), up 7.7%.
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Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $5.4 billion and is part of the automotive industry. Shares are up 38.7% year to date as of the close of trading on Friday.

TheStreet Ratings rates Tesla Motors as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins.

On the negative front, Central European Distribution ( CEDC), down 28.5%, SGOCO Group ( SGOC), down 12.6%, Tianli Agritech ( OINK), down 12.5% and Tandy Brands Accessories ( TBAC), down 5.9% , were all laggards within the consumer goods sector with Under Armour ( UA) being today's consumer goods sector laggard.

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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