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 higher today making it today's featured consumer durables winner. The industry as a whole closed the day up 0.8%. By the end of trading, Xerox Corporation rose $0.20 (1.9%) to $10.49 on average volume. Throughout the day, 10,710,103 shares of Xerox Corporation exchanged hands as compared to its average daily volume of 11,232,800 shares. The stock ranged in a price between $10.28-$10.50 after having opened the day at $10.28 as compared to the previous trading day's close of $10.29. Other companies within the Consumer Durables industry that increased today were: Ballantyne Strong ( BTN), up 7.8%, Nautilus Group ( NLS), up 4.6%, Pitney Bowes ( PBI), up 4.1% and Skullcandy ( SKUL), up 4.0%.
Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $12.7 billion and is part of the technology sector. Shares are up 51.2% year to date as of the close of trading on Monday. 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.