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Tickers in this Article: BWA, FOSL, WWW, UA, MHK, KORS, SKX
It's been a bad day for the market after the morning's trading. The Nasdaq has decreased 1.7%; the S&P 500 has fallen 0.8%; and the Dow is down 0.7%. 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 currently ahead of the overall market, down only 1.2%, and its biggest movers are currently:
CompanyMarket CapPercentage Change
BorgWarner (NYSE:BWA)$8.31 billion-3.1%
Fossil (Nasdaq:FOSL)$5.27 billion-2.9%
Wolverine World Wide (NYSE:WWW)$2.11 billion+2.5%
Under Armour (NYSE:UA)$5.81 billion-2.5%
Mohawk Industries (NYSE:MHK)$5.66 billion-2.3%
Michael Kors (NYSE:KORS)$10.3 billion-2.2%
Skechers USA (NYSE:SKX)$859.2 million+2.2%
Broker Summary: Fidelity Online Brokerage

BorgWarner (NYSE:BWA) is down 3.1% to reach $70.32 per share. This morning, the company is trading a volume of 484,822 shares. Volume is used to evaluate how meaningful the price movement of a stock is.

At $84.15, Fossil (Nasdaq:FOSL) has slipped 2.9%. The company's volume for the day so far is 219,202 shares, 0.3 times the current three-month average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest.

Wolverine World Wide (NYSE:WWW) is at $44.17 per share after an increase of 2.5%. The company is trading at a volume of 816,636 shares. Yesterday's volume was only 559,159 shares. If a stock price moves on high volume, this means that the change is a significant one.

Under Armour (NYSE:UA) is trading at $54.22 per share, down 2.5%. At 521,150 shares, the company's volume so far today is 0.4 times its current daily average. In technical analysis, trading volume is used to determine the strength of a market indicator.

Slipping 2.3%, Mohawk Industries (NYSE:MHK) is currently trading at $80.14 per share. So far today, the company's volume is 168,175 shares. If a stock price makes a big move up or down, volume lets us know the significance of that move.

Falling 2.2%, Michael Kors (NYSE:KORS) is currently at a share price of $52.13. At 1.8 million shares, the company's volume so far today is 0.3 times its current three-month average. Volume is an important indicator because it indicates how significant a price shift is.

After an increase of 2.2%, Skechers USA (NYSE:SKX) has reached a current price of $17.52. The company's volume is currently 347,456 shares. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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