Nike Inc. (NKE): Today's Featured Consumer Non-Durables Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Nike ( NKE) 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 0.4%. By the end of trading, Nike rose $0.63 (1.0%) to $63.33 on average volume. Throughout the day, 3,139,417 shares of Nike exchanged hands as compared to its average daily volume of 3,650,300 shares. The stock ranged in a price between $62.57-$63.67 after having opened the day at $62.60 as compared to the previous trading day's close of $62.70. Other companies within the Consumer Non-Durables industry that increased today were: China Shengda Packaging Group ( CPGI), up 8.6%, Swisher Hygiene ( SWSH), up 6.0%, Standard Register Company ( SR), up 5.6% and Exceed Company ( EDS), up 5.3%.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessories for men, women, and children worldwide. Nike has a market cap of $45.3 billion and is part of the consumer goods sector. Shares are up 22.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Nike a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Female Health Company ( FHCO), down 5.9%, Joe's Jeans ( JOEZ), down 4.1%, Verso Paper ( VRS), down 3.2% and Blyth ( BTH), down 2.8%.

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).

3x UPSIDE POTENTIAL: 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

Toys 'R' Us Bankruptcy Filing a Reminder That Amazon Is Crushing Everyone

Stocks on Track for Records Even as Trump Goes After North Korea

Cramer: How to Avoid Being Amazon Roadkill

Size Up Nike's Most Iconic Shoes Ahead of the September Air Jordan Release Date

Adidas Is Beating Nike in Sneaker Market Share, New Survey Reveals