3 Consumer Durables Stocks Pushing Industry Growth

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Consumer Durables industry currently sits down 0.40 versus the S&P 500, which is unchanged.

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

3. Fossil ( FOSL) is one of the companies pushing the Consumer Durables industry higher today. As of noon trading, Fossil is up $1.86 (1.95) to $97.15 on heavy volume Thus far, 692,708 shares of Fossil exchanged hands as compared to its average daily volume of 872,800 shares. The stock has ranged in price between $95.83-$97.54 after having opened the day at $95.93 as compared to the previous trading day's close of $95.29.

Fossil, Inc., together with its subsidiaries, engages in the design, development, marketing, and distribution of consumer fashion accessories worldwide. It operates in four segments: North America Wholesale, Europe Wholesale, Asia Pacific Wholesale, and Direct to Consumer. Fossil has a market cap of $5.6 billion and is part of the consumer goods sector. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 1.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates Fossil as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Fossil Ratings Report now.

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