5 Stocks Pushing The Consumer Non-Durables Industry Higher
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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 50 points (0.4%) at 14,380 as of Friday, March 8, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,811 issues advancing vs. 1,063 declining with 140 unchanged.
The Consumer Non-Durables industry currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Carlisle Companies ( CSL), up 1.6%, and International Paper ( IP), up 0.9%. A company within the industry that fell today was Nike ( NKE), up 1.1%.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:
5. Crown Holdings ( CCK) is one of the companies pushing the Consumer Non-Durables industry higher today. As of noon trading, Crown Holdings is up $0.60 (1.5%) to $39.45 on average volume Thus far, 280,166 shares of Crown Holdings exchanged hands as compared to its average daily volume of 736,700 shares. The stock has ranged in price between $39.04-$39.46 after having opened the day at $39.14 as compared to the previous trading day's close of $38.85.
Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products for consumer marketing companies worldwide. Crown Holdings has a market cap of $5.6 billion and is part of the consumer goods sector. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Crown Holdings a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates Crown Holdings as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Crown Holdings Ratings Report now.
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4. As of noon trading, Hanesbrands ( HBI) is up $0.83 (2.1%) to $39.91 on average volume Thus far, 400,184 shares of Hanesbrands exchanged hands as compared to its average daily volume of 957,800 shares. The stock has ranged in price between $39.08-$39.91 after having opened the day at $39.31 as compared to the previous trading day's close of $39.08.