3 Consumer Durables Stocks Driving The Industry Higher

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Consumer Durables industry currently sits down 0.7% versus the S&P 500, which is unchanged.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Avery Dennison ( AVY) is one of the companies pushing the Consumer Durables industry higher today. As of noon trading, Avery Dennison is up $0.65 (1.3%) to $49.26 on light volume. Thus far, 187,313 shares of Avery Dennison exchanged hands as compared to its average daily volume of 716,700 shares. The stock has ranged in price between $48.42-$49.51 after having opened the day at $48.60 as compared to the previous trading day's close of $48.61.

Avery Dennison Corporation engages in the production and sale of pressure-sensitive materials worldwide. Its Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics and graphic films, reflective products, and tapes and performance polymers. Avery Dennison has a market cap of $4.7 billion and is part of the consumer goods sector. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are up 40.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Avery Dennison a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avery Dennison as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Avery Dennison Ratings Report now.

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2. As of noon trading, Sony Corporation ( SNE) is up $0.27 (1.5%) to $18.57 on light volume. Thus far, 785,716 shares of Sony Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $18.46-$18.66 after having opened the day at $18.49 as compared to the previous trading day's close of $18.30.

Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. Sony Corporation has a market cap of $19.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 5.3, below the S&P 500 P/E ratio of 17.7. Shares are up 65.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Sony Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Sony Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Sony Corporation Ratings Report now.

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1. As of noon trading, Xerox Corporation ( XRX) is up $0.13 (1.1%) to $11.51 on light volume. Thus far, 3.9 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 12.1 million shares. The stock has ranged in price between $11.31-$11.59 after having opened the day at $11.37 as compared to the previous trading day's close of $11.38.

Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $13.9 billion and is part of the technology sector. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are up 65.5% year to date as of the close of trading on Friday. Currently there are 4 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 solid stock price performance, good cash flow from operations, notable return on equity, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Xerox Corporation Ratings Report now.

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

If you are interested in one of these 3 stocks, 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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