Harman International Industries Inc. (HAR): Today's Featured Consumer Goods 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.

Harman International Industries ( HAR) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole was unchanged today. By the end of trading, Harman International Industries fell $1.14 (-1.4%) to $83.36 on light volume. Throughout the day, 429,099 shares of Harman International Industries exchanged hands as compared to its average daily volume of 654,900 shares. The stock ranged in price between $82.92-$85.40 after having opened the day at $84.91 as compared to the previous trading day's close of $84.50. Other companies within the Consumer Goods sector that declined today were: Forward Industries ( FORD), down 5.1%, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 4.9%, Elecsys Corporation ( ESYS), down 4.6% and Patrick Industries ( PATK), down 4.4%.

Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products, lighting solutions, and electronic systems, as well as digitally integrated audio and infotainment systems for the automotive industry worldwide. Harman International Industries has a market cap of $5.7 billion and is part of the consumer durables industry. Shares are up 89.3% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Harman International Industries a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Harman International Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, SGOCO Group ( SGOC), up 15.9%, Coldwater Creek ( CWTR), up 10.8%, Agria Corporation ( GRO), up 7.2% and Swisher Hygiene ( SWSH), up 5.2% , were all gainers within the consumer goods sector with Ingredion ( INGR) being today's featured consumer goods sector leader.

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).

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