Filed Under: ,
Tickers in this Article: DECK, GT, BYI, SCSS, COLM, SHOO, LEA
The market has been slipping so far today. The Nasdaq has declined 0.1%; the S&P 500 is trading down 0.2%; and the Dow has fallen 0.1%. The consumer cyclical sector is a category of stocks that relies heavily on the business cycle and economic conditions. Consumer cyclicals include industries such as automotive, housing, entertainment and retail. The category can be further divided into durable and non-durable sections. Durable cyclicals include physical goods such as hardware or vehicles, while non-durables represent items like movies or hotel services. The performance of consumer cyclicals is highly related to the state of the economy. They represent goods and services that are not considered necessities, but luxurious purchases. During contractions or recessions, people have less disposable income to spend on consumer cyclicals. When the economy is expanding or booming, the sales of these goods rise as retail and leisure spending increase.

The Consumer Cyclical sector (XLY) is down 0.2%, underperforming the market overall. The current biggest movers in the sector are:
CompanyMarket CapPercentage Change
Deckers (Nasdaq:DECK)$1.31 billion-16.9%
Goodyear (NYSE:GT)$3.01 billion-9%
Bally Technologies (NYSE:BYI)$1.93 billion+5.4%
Select (Nasdaq:SCSS)$1.57 billion-4.2%
Columbia Sportswear (Nasdaq:COLM)$1.81 billion+2.6%
Steven (Nasdaq:SHOO)$1.99 billion-2.6%
Lear (NYSE:LEA)$4.02 billion+2.4%
Forex Broker Summary: UFXMarkets

Taking a 16.9% hit, Deckers (Nasdaq:DECK) is currently trading at $29.48 per share. The company is currently trading a volume of 4.9 million shares.

Goodyear (NYSE:GT) is trading at $11.19 per share, down 9%. The company's volume is currently 7.9 million shares for the day, 2.1 times the current three-month average.

Bally Technologies (NYSE:BYI) is currently trading at $49.76 per share, a 5.4% increase. So far today, the company's volume is 955,994 shares. Yesterday, volume was only 685,885 shares.

Select (Nasdaq:SCSS) is currently trading at a share price of $26.65, a 4.2% decline. So far today, the company's volume is 554,399 shares, 0.4 times the current daily average.

Increasing 2.6%, Columbia Sportswear (Nasdaq:COLM) is trading at $55.12 per share. So far today, the company's volume is 180,930 shares.

Steven (Nasdaq:SHOO) has fallen 2.6% and is currently trading at $42.40 per share. With 137,694 shares changing hands so far today, the company's volume is 0.6 times the average volume over the last three months.

Lear (NYSE:LEA) has increased to a share price of $42, a 2.4% rise. The company is trading at a volume of 956,201 shares.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.

comments powered by Disqus

Trading Center