3 Stocks Pushing The Consumer Goods Sector Higher
1. As of noon trading, Johnson Controls ( JCI) is up $0.25 (0.7%) to $33.98 on light volume Thus far, 1.6 million shares of Johnson Controls exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $33.54-$34.06 after having opened the day at $33.70 as compared to the previous trading day's close of $33.73. Johnson Controls, Inc. engages in building efficiency, automotive experience, and power solutions businesses worldwide. Johnson Controls has a market cap of $22.9 billion and is part of the automotive industry. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 10.0% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Johnson Controls a buy, no analysts rate it a sell, and 14 rate it a hold. TheStreet Ratings rates Johnson Controls as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Johnson Controls Ratings Report now. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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