5 Stocks Improving Performance Of The Consumer Goods Sector
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All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 58 points (0.4%) at 15,069 as of Tuesday, Aug. 20, 2013, 1:04 PM ET. The NYSE advances/declines ratio sits at 2,347 issues advancing vs. 659 declining with 81 unchanged.
TheStreet would like to highlight 5 stocks pushing the sector higher today:
5. Nike (NKE) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Nike is up $0.66 (1.0%) to $65.37 on average volume. Thus far, 1.5 million shares of Nike exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $64.31-$65.50 after having opened the day at $64.59 as compared to the previous trading day's close of $64.71.
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 $45.3 billion and is part of the consumer non-durables industry. Shares are up 25.4% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Nike a buy, no analysts rate it a sell, and 12 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, reasonable valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Nike Ratings Report now.