Owens-Illinois Inc (OI): 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.

Owens-Illinois ( OI) pushed the Consumer Non-Durables industry higher today making it today's featured consumer non-durables winner. The industry as a whole was unchanged today. By the end of trading, Owens-Illinois rose $0.34 (1.2%) to $29.75 on average volume. Throughout the day, 942,959 shares of Owens-Illinois exchanged hands as compared to its average daily volume of 1,043,600 shares. The stock ranged in a price between $29.00-$30.01 after having opened the day at $29.53 as compared to the previous trading day's close of $29.41. Other companies within the Consumer Non-Durables industry that increased today were: Quiksilver ( ZQK), up 31.7%, Blyth ( BTH), up 6.4%, Mannatech ( MTEX), up 4.2% and Zuoan Fashion ( ZA), up 2.8%.

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Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. Owens-Illinois has a market cap of $4.8 billion and is part of the consumer goods sector. Shares are up 38.3% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Owens-Illinois a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Owens-Illinois as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Owens-Illinois Ratings Report.

On the negative front, Verso Paper ( VRS), down 6.4%, Coldwater Creek ( CWTR), down 3.6%, STR Holdings ( STRI), down 2.9% and Greif ( GEF), down 2.8% , were all laggards within the consumer non-durables industry with Rock-Tenn Company ( RKT) being today's consumer non-durables industry laggard.

• Use our consumer non-durables section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

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