NEW YORK, January 6, 2017 /PRNewswire/ --
Stock-Callers.com revisits the Consumer Goods sector to review the performances of select equities. Under evaluation today are: Newell Brands Inc. (NYSE: NWL), The Clorox Co. (NYSE: CLX), Nova Lifestyle Inc. (NASDAQ: NVFY), and Mohawk Industries Inc. (NYSE: MHK). According to Deloitte's 2017 Consumer Goods industry outlook, the economic fundamentals for consumer spending appear to be solid going into the New Year, with the labor market strengthening, disposable personal income edging up, and average hourly earnings accelerating. However, fundamentals may face headwinds from policy uncertainty. Learn more about these stocks by accessing their free research reports at:
On Thursday, shares in Atlanta, Georgia headquartered Newell Brands Inc. recorded a trading volume of 3.15 million shares. The stock ended the day at $46.68, rising 0.37% from the last trading session. The Company's shares have advanced 2.14% in the last one month and 4.55% on an YTD basis. The stock is trading below its 50-day moving average by 0.90%. Furthermore, shares of Newell Brands, which designs, manufactures or sources, and distributes consumer and commercial products worldwide, have a Relative Strength Index (RSI) of 54.98.
On December 12th, 2016, Newell Brands announced that it has entered into a definitive agreement to acquire New Zealand-based Sistema Plastics, a leading provider of innovative food storage containers, primarily under the Sistema® brand, for NZ$660 million (US$470 million). Additionally, the company has entered into a definitive agreement to acquire Smith Mountain Industries, a leading provider of premium home fragrance products, primarily under the WoodWick® Candle brand, for $100 million. Free research report on NWL is available at:
Oakland, California headquartered The Clorox Co.'s stock climbed 0.63%, finishing yesterday's session at $122.70 with a total trading volume of 775,652 shares. The Company's shares have gained 7.82% in the last month, 1.61% over the previous three months, and 2.23% since the start of this year. The stock is trading above its 50-day moving average by 4.95%. Additionally, shares of Clorox, which manufactures and markets consumer and professional products worldwide, have an RSI of 66.69.
On December 16th, 2016, research firm Morgan Stanley upgraded the Company's stock rating from 'Underweight' to 'Equal-Weight'.
On January 03rd, 2017, Clorox announced that it will host a live audio webcast of a discussion with the investment community about its Q2 FY17 results on February 03rd, 2017. The webcast is scheduled to begin at 1:30 p.m. ET. The complimentary research report on CLX can be downloaded at:
Shares in Commerce, California headquartered Nova Lifestyle Inc. ended Thursday's session 1.55% lower at $1.91 with a total trading volume of 50,392 shares. The stock is trading 18.53% above its 200-day moving average. Shares of the Company, which develops upholstered, wood, and metal-based residential furniture for the living rooms, dining rooms, bedrooms, and home offices, have an RSI of 35.60.
On December 02nd, 2016, Nova LifeStyle announced that the Company has continued to expand its ecommerce presence by partnering with Future World LifeStyle, which will feature Diamond Sofa Smart Furniture on its website. Future World Lifestyle offers its 3 million plus members a reward redemption program that can be used for products listed on the site. Visit us today and access our complete research report on NVFY at:
At the close, Calhoun, Georgia headquartered Mohawk Industries Inc.'s stock dropped 0.74%, finishing at $204.35. A total volume of 441,920 shares was traded. The Company's shares have advanced 4.82% in the last month, 2.26% over the previous three months, and 2.34% on an YTD basis. The stock is trading 3.99% above its 50-day moving average and 2.92% above its 200-day moving average. Additionally, shares of Mohawk Industries, which designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide, have an RSI of 58.86.
On November 03rd, 2016, Mohawk Industries, announced Q3 2016 record net earnings of $270 million and diluted earnings per share (EPS) of $3.62, a 25% increase versus Q3 2015 net earnings of $215 million and EPS was $2.89. The Company's net sales for Q3 2016 were $2.3 billion, up 7% versus Q3 2015 net sales of $2.15 billion. Get free access to your research report on MHK at:
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