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Michael Kors Among Consumer Cyclical's Biggest Movers on December 5, 2012

December 05, 2012 | Filed Under »
Tickers in this Article » OXM, RGR, SCSS, ETH, KORS, RUSHA, DECK
The Nasdaq has slipped 1%, the S&P 500 is down 0.1% and the Dow has climbed 0.2% so far today. 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.

These are the biggest movers in the Consumer Cyclical sector (XLY) (+0.5%):
CompanyMarket CapPercentage Change
Oxford Industries (NYSE:OXM)$875 million-10.3%
Sturm, Ruger (NYSE:RGR)$1.13 billion-10%
Select (Nasdaq:SCSS)$1.55 billion-9.7%
Ethan Allen Interiors (NYSE:ETH)$822.5 million-4%
Michael Kors (NYSE:KORS)$10.48 billion-3.2%
Rush Enterprises (Nasdaq:RUSHA)$540.2 million+2.7%
Deckers (Nasdaq:DECK)$1.44 billion+2.4%
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Taking a 10.3% hit, Oxford Industries (NYSE:OXM) is currently trading at $47.34 per share. The company's volume is currently 424,972 shares for the day, 5.1 times the average daily volume.

Sturm, Ruger (NYSE:RGR) is at a share price of $53.03 after a sharp decline of 10%. So far today, 427,460 shares have changed hands.

Currently trading at $24.99 per share, Select (Nasdaq:SCSS) has fallen 9.7%. At two million shares, the company's volume so far today is whereas yesterday, volume was only 1.1 million shares.

Falling 4%, Ethan Allen Interiors (NYSE:ETH) is currently at a share price of $27.37. The company's volume for the day so far is 100,952 shares. This is 0.4 times the current three-month average.

At $50.80, Michael Kors (NYSE:KORS) has slipped 3.2%. At 1.2 million shares, the company's volume so far today is in line with the current daily average.

Rush Enterprises (Nasdaq:RUSHA) has increased to a share price of $19.86, a 2.7% rise. The company's volume for the day so far is 21,623 shares.

Rising 2.4%, Deckers (Nasdaq:DECK) is currently trading at $41.93 per share. This morning, 730,859 shares have been traded, on pace to finish the day below yesterday's volume of 2.4 million shares.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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