Dallas, TX 12/19/2009 12:53:49 AM
News / Finance

Top Consumer Goods Stocks – F, DAN, NKE

Consumer Goods Stocks

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Ford Motor Company (NYSE:F) surged 2.24% to $9.60 on a massive volume of 27.62 million shares.  The stock has a 52-week range of $1.50-$9.64. The company bolstered by improved quality, fuel economy and popular redesigned models, recorded the largest increase in residual values from the 2009 to the 2010 model year among full-line manufacturers. The projected resale value of Ford’s, Lincoln and Mercury vehicles after 36 months in service increased by $1,310 per vehicle from 2009 to 2010 models, more than any other full-line automaker. This calculation is based on the straight average of all trim levels of each nameplate from ALG's January/February 2010 Residual Value Forecast with volume being weighted against R.L. Polk new vehicle registration data.

 

Dana Holding Corporation (NYSE:DAN) spurted 8.19% is trading at $10.43 with an unusual massive volume of 4.22 million shares.  The stock today also touched a new 52 week high at $10.49. Till date in this year the stock has rallied over 1312%. Dana Holding Corporation (Dana), formerly known as Dana Corporation, incorporated in 2007, is a supplier of axle, driveshaft, structural, sealing and thermal products for global vehicle manufacturers. The Company designs and manufactures products for vehicle producer. It operates 113 major facilities worldwide. Dana serves three primary markets: automotive market; commercial vehicle market, and off-highway market.

 

NIKE, Inc. (NYSE:NKE)   notched up 2.18% to $64.63 on a massive volume of 1.92 million shares. The stock has a 52-week range of $38.24-$66.35. The company announced its revenue slipped 4 per cent to $4.4 billion during the fiscal second quarter as compared with $4.6 billion in the same quarter of last year. Nike's net income slipped from $391 million last year to settle at $375 million, representing a drop of 4 per cent. However, company's diluted earnings fell 5 per cent to 76 cents per share, less-than-expected 71 cents per share.

 

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