5 Stocks Pushing The Consumer Non-Durables Industry Downward
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 21 points (-0.1%) at 14,492 as of Monday, March 18, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,709 declining with 121 unchanged.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:
5. Goodyear Tire & Rubber ( GT) is one of the companies pushing the Consumer Non-Durables industry lower today. As of noon trading, Goodyear Tire & Rubber is down $0.20 (-1.5%) to $13.52 on average volume Thus far, 1.5 million shares of Goodyear Tire & Rubber exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $13.40-$13.63 after having opened the day at $13.57 as compared to the previous trading day's close of $13.73.
The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires and related products and services worldwide. Goodyear Tire & Rubber has a market cap of $3.3 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Goodyear Tire & Rubber a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates Goodyear Tire & Rubber as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Goodyear Tire & Rubber Ratings Report now.
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4. As of noon trading, Ecolab ( ECL) is down $0.62 (-0.8%) to $79.02 on light volume Thus far, 314,915 shares of Ecolab exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $78.71-$79.16 after having opened the day at $78.97 as compared to the previous trading day's close of $79.64.