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3 Stocks Pushing The Consumer Goods Sector Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.3%) at 15,487 as of Wednesday, Sept. 18, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 930 issues advancing vs. 1,976 declining with 128 unchanged.

The Consumer Goods sector currently sits down 0.5% versus the S&P 500, which is down 0.2%. A company within the sector that fell today was Royal Philips ( PHG), up 1.6%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Canon ( CAJ) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Canon is down $0.45 (-1.4%) to $32.26 on average volume. Thus far, 153,597 shares of Canon exchanged hands as compared to its average daily volume of 382,400 shares. The stock has ranged in price between $32.14-$32.40 after having opened the day at $32.39 as compared to the previous trading day's close of $32.71.

Canon Inc. engages in the manufacture and sale of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment worldwide. Canon has a market cap of $37.4 billion and is part of the consumer durables industry. Shares are down 17.3% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Canon a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Canon as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. Get the full Canon Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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