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3 Stocks Pushing The Consumer Goods Sector Higher

Editor's Note: 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 3 points (0.0%) at 14,977 as of Monday, May 6, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,675 issues advancing vs. 1,221 declining with 157 unchanged.

The Consumer Goods sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Coca-Cola Femsa S.A.B. de C.V ( KOF), down 2.73, Kimberly-Clark Corporation ( KMB), down 1.18, Altria Group ( MO), down 1.14, Mondelez International ( MDLZ), down 1.20 and Colgate-Palmolive Company ( CL), down 0.88.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. Tesla Motors ( TSLA) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Tesla Motors is up $2.55 (4.67) to $57.10 on heavy volume Thus far, 2.4 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $55.50-$57.37 after having opened the day at $56.39 as compared to the previous trading day's close of $54.55.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $6.2 billion and is part of the automotive industry. Shares are up 59.8% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Tesla Motors as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins. Get the full Tesla Motors Ratings Report now.

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