Harman International Industries Inc. (HAR): Today's Featured Consumer Durables Laggard

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.

Harman International Industries ( HAR) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Harman International Industries fell $1.13 (-1.9%) to $59.54 on average volume. Throughout the day, 773,551 shares of Harman International Industries exchanged hands as compared to its average daily volume of 643,100 shares. The stock ranged in price between $59.45-$60.63 after having opened the day at $60.17 as compared to the previous trading day's close of $60.67. Other companies within the Consumer Durables industry that declined today were: Fossil Group ( FOSL), down 6.0%, Kid Brands ( KID), down 4.4%, Entertainment Gaming Asia ( EGT), down 2.9% and iRobot Corporation ( IRBT), down 2.8%.

Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products and electronic systems worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. Harman International Industries has a market cap of $4.1 billion and is part of the consumer goods sector. Shares are up 35.9% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Harman International Industries a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Harman International Industries as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Nautilus Group ( NLS), up 3.9%, Bassett Furniture Industries ( BSET), up 3.2%, Appliance Recycling Centers Of America ( ARCI), up 3.1% and Daktronics ( DAKT), up 3.0%.

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.
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