Nike Inc. (NKE): 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.

Nike ( NKE) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 1.2%. By the end of trading, Nike rose $0.82 (1.1%) to $73.10 on light volume. Throughout the day, 2,283,819 shares of Nike exchanged hands as compared to its average daily volume of 4,203,600 shares. The stock ranged in a price between $72.50-$73.18 after having opened the day at $72.84 as compared to the previous trading day's close of $72.28. Other companies within the Consumer Goods sector that increased today were: China XD Plastics ( CXDC), up 15.9%, Manchester United ( MANU), up 10.4%, Icahn ( IEP), up 8.3% and SodaStream International ( SODA), up 8.1%.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide. Nike has a market cap of $50.7 billion and is part of the consumer non-durables industry. Shares are down 8.1% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Nike a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Nike 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, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Coldwater Creek ( CWTR), down 26.0%, SORL Auto Parts ( SORL), down 10.3%, EveryWare Global ( EVRY), down 4.7% and Tianli Agritech ( OINK), down 3.9%.

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.

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home