Xerox Corporation (XRX): 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.

Xerox Corporation ( XRX) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Xerox Corporation fell $0.15 (-1.5%) to $10.14 on average volume. Throughout the day, 8,728,136 shares of Xerox Corporation exchanged hands as compared to its average daily volume of 10,633,400 shares. The stock ranged in price between $10.10-$10.33 after having opened the day at $10.32 as compared to the previous trading day's close of $10.29. Other companies within the Consumer Durables industry that declined today were: VeriFone Systems ( PAY), down 3.4%, Global-Tech Advanced Innovations ( GAI), down 3.0%, Kid Brands ( KID), down 2.9% and Entertainment Gaming Asia ( EGT), down 2.4%.

Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $12.6 billion and is part of the technology sector. Shares are up 49.9% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Xerox Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, iRobot Corporation ( IRBT), up 3.5% and Escalade ( ESCA), up 1.6%.

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).

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