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 0.6%. By the end of trading, Nike rose $1.42 (2.2%) to $66.82 on heavy volume. Throughout the day, 6,633,551 shares of Nike exchanged hands as compared to its average daily volume of 3,549,200 shares. The stock ranged in a price between $65.96-$66.98 after having opened the day at $66.76 as compared to the previous trading day's close of $65.40. Other companies within the Consumer Non-Durables industry that increased today were: Coldwater Creek ( CWTR), up 13.7%, MOD-PAC Corporation ( MPAC), up 8.6%, Zuoan Fashion ( ZA), up 5.3% and Tandy Brands Accessories ( TBAC), up 4.8%.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide. Nike has a market cap of $46.3 billion and is part of the consumer goods sector. Shares are up 26.7% year to date as of the close of trading on Monday. Currently there are 8 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Tufco Technologies ( TFCO), down 5.4%, AEP Industries ( AEPI), down 4.0%, Delta Apparel ( DLA), down 3.7% and EveryWare Global ( EVRY), down 3.6% , were all laggards within the consumer non-durables industry with PVH ( PVH) being today's consumer non-durables industry laggard.

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).

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