3 Consumer Durables Stocks Driving The Industry Higher

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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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