Nike Inc. (NKE): Today's Featured Consumer Goods 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 Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 2.2%. By the end of trading, Nike rose $3.05 (4.8%) to $65.97 on heavy volume. Throughout the day, 7,880,436 shares of Nike exchanged hands as compared to its average daily volume of 3,606,900 shares. The stock ranged in a price between $63.24-$66.11 after having opened the day at $63.24 as compared to the previous trading day's close of $62.92. Other companies within the Consumer Goods sector that increased today were: Standard Register Company ( SR), up 360.5%, Modine Manufacturing Company ( MOD), up 23.7%, Boulder Brands ( BDBD), up 15.5% and Hyster-Yale Materials Handling ( HY), up 14.6%.

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 $44.8 billion and is part of the consumer non-durables industry. Shares are up 21.9% year to date as of the close of trading on Wednesday. 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Accuride ( ACW), down 10.1%, China Marine Food Group ( CMFO), down 8.4%, Gentherm ( THRM), down 8.4% and Resolute Forest Products ( RFP), down 7.4%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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