4 Stocks Pushing The Consumer Goods Sector Downward
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 modelTwo out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 5 points (0.0%) at 15,100 as of Thursday, May 9, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,176 issues advancing vs. 1,742 declining with 136 unchanged.The Consumer Goods sector currently is unchanged today versus the S&P 500, which is down 0.21. On the negative front, top decliners within the sector include General Motors (GM), down 1.00, Canon (CAJ), down 1.12, Philip Morris International (PM), down 0.94 and Coca-Cola (KO), down 0.49.TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:4. Honda Motor (HMC) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Honda Motor is down $0.43 (-1.1%) to $40.17 on light volume Thus far, 203,583 shares of Honda Motor exchanged hands as compared to its average daily volume of 554,200 shares. The stock has ranged in price between $39.95-$40.24 after having opened the day at $40.05 as compared to the previous trading day's close of $40.60. Honda Motor Co., Ltd., together with its subsidiaries, engages in the development, manufacture, and distribution of motorcycles, automobiles, and power products worldwide. Honda Motor has a market cap of $72.8 billion and is part of the automotive industry. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Wednesday.TheStreet Ratings rates Honda Motor as a buy. Among the primary strengths of the company is its solid stock performance, considering both the consistency and magnitude of the price movement over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Honda Motor Ratings Report now.Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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