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

Harman International Industries ( HAR) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole closed the day up 0.7%. By the end of trading, Harman International Industries rose $1.34 (1.3%) to $103.79 on average volume. Throughout the day, 850,968 shares of Harman International Industries exchanged hands as compared to its average daily volume of 817,800 shares. The stock ranged in a price between $102.21-$104.03 after having opened the day at $102.29 as compared to the previous trading day's close of $102.45. Other companies within the Consumer Durables industry that increased today were: Nova Lifestyle ( NVFY), up 5.6%, SGOCO Group ( SGOC), up 4.8%, National Presto Industries ( NPK), up 3.6% and Malibu Boats Inc Class A ( MBUU), up 3.3%.

Majority of revenue growth to come from MOST systems in high-end luxury cars. Harman International Industries has a market cap of $7.0 billion and is part of the consumer goods sector. Shares are up 25.2% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Harman International Industries a buy, 1 analyst rates it a sell, and none rate 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 increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, La-Z-Boy ( LZB), down 3.9%, Elecsys Corporation ( ESYS), down 2.4%, Royal Philips ( PHG), down 2.0% and Kewaunee Scientific ( KEQU), down 1.8%.

For investors not wanting singular stock exposure, 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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