Newell Rubbermaid Inc (NWL): Today's Featured Consumer Durables Laggard

Newell Rubbermaid ( NWL) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Newell Rubbermaid fell $0.33 (-1.2%) to $26.12 on light volume. Throughout the day, 1,502,388 shares of Newell Rubbermaid exchanged hands as compared to its average daily volume of 2,542,600 shares. The stock ranged in price between $26.06-$26.42 after having opened the day at $26.12 as compared to the previous trading day's close of $26.45. Other companies within the Consumer Durables industry that declined today were: Virco Manufacturing Corporation ( VIRC), down 6.0%, Pitney Bowes ( PBI), down 5.9%, Appliance Recycling Centers Of America ( ARCI), down 4.6% and Harbinger Group ( HRG), down 3.7%.

Newell Rubbermaid Inc. designs, manufactures, and markets consumer and commercial products worldwide. It operates in six segments: Home Solutions, Writing, Tools, Commercial Products, Baby & Parenting, and Specialty. Newell Rubbermaid has a market cap of $7.6 billion and is part of the consumer goods sector. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are up 18.8% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Newell Rubbermaid a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Newell Rubbermaid as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, SGOCO Group ( SGOC), up 9.6%, Canon ( CAJ), up 2.8%, Manchester United PLC Class A ( MANU), up 2.5% and Apple ( AAPL), up 2.3%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Dow and S&P 500 Finish Higher for Sixth Straight Day of Gains

Dow and S&P 500 Finish Higher for Sixth Straight Day of Gains

Stocks Explode, Walmart Eyes Stake in India's Flipkart - 5 Things You Must Know

Stocks Explode, Walmart Eyes Stake in India's Flipkart - 5 Things You Must Know

Expensive Stocks Get More Expensive; Activists to Stall Newell Asset Sales--ICYMI

Expensive Stocks Get More Expensive; Activists to Stall Newell Asset Sales--ICYMI

Starboard's Smith: No Newell Divestitures Until Proxy War Concludes

Starboard's Smith: No Newell Divestitures Until Proxy War Concludes

Jim Cramer: Newell Brands Has Missed the Numbers Badly

Jim Cramer: Newell Brands Has Missed the Numbers Badly