Goodyear Tire & Rubber Co (GT): Today's Featured Consumer Goods 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.

Goodyear Tire & Rubber ( GT) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day down 0.2%. By the end of trading, Goodyear Tire & Rubber rose $0.37 (1.7%) to $22.12 on light volume. Throughout the day, 2,944,980 shares of Goodyear Tire & Rubber exchanged hands as compared to its average daily volume of 4,519,800 shares. The stock ranged in a price between $21.65-$22.32 after having opened the day at $21.77 as compared to the previous trading day's close of $21.75. Other companies within the Consumer Goods sector that increased today were: Shiloh Industries ( SHLO), up 7.3%, S&W Seed Company ( SANW), up 7.1%, China Automotive Systems ( CAAS), up 6.7% and Titan International ( TWI), up 6.5%.

The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires and related products and services worldwide. Goodyear Tire & Rubber has a market cap of $5.4 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 57.1% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Goodyear Tire & Rubber a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Goodyear Tire & Rubber as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Kid Brands ( KID), down 12.3%, Mannatech ( MTEX), down 11.3%, China New Borun Corporation ( BORN), down 10.7% and SGOCO Group ( SGOC), down 9.1% , were all laggards within the consumer goods sector with Harman International Industries ( HAR) being today's consumer goods sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Intermediate Trade: Goodyear Tire

Goodyear Stock Insulated From Potential Electric Vehicle Dominance

These Stocks Are Ready to Reverse Course

Think Earnings Don't Matter? Goodyear Will Make You Think Again

I Believe 'Ugly' Would Be the Proper Term for the Selloff: Market Recon