Consumer Non-Durables Stocks On The Rise With Help From 4 Stocks
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 78 points (-0.5%) at 14,583 as of Wednesday, April 3, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 720 issues advancing vs. 2,193 declining with 115 unchanged.
The Consumer Non-Durables industry currently sits down 0.5% versus the S&P 500, which is down 0.7%.
TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:
4. Fifth & Pacific Companies (FNP) is one of the companies pushing the Consumer Non-Durables industry higher today. As of noon trading, Fifth & Pacific Companies is up $1.74 (9.4%) to $20.35 on heavy volume Thus far, 3.9 million shares of Fifth & Pacific Companies exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $18.13-$20.37 after having opened the day at $18.64 as compared to the previous trading day's close of $18.61.
Fifth & Pacific Companies, Inc. engages in the design and marketing of a range of apparel and accessories. The company operates in four segments: JUICY COUTURE, LUCKY BRAND, KATE SPADE, and Adelington Design Group. Fifth & Pacific Companies has a market cap of $2.2 billion and is part of the consumer goods sector. Shares are up 49.5% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Fifth & Pacific Companies a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates Fifth & Pacific Companies as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. Get the full Fifth & Pacific Companies Ratings Report now.
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