5 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 44 points (-0.3%) at 15,836 as of Monday, Jan. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 751 issues advancing vs. 2,176 declining with 155 unchanged.The Consumer Goods sector currently sits down 0.7% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Sony Corporation (SNE), down 5.2%, Coca-Cola Femsa S.A.B. de C.V (KOF), down 1.8%, Canon (CAJ), down 0.9% and Toyota Motor (TM), down 0.8%.TheStreet would like to highlight 5 stocks pushing the sector lower today:5. Xerox Corporation (XRX) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Xerox Corporation is down $0.38 (-3.4%) to $10.86 on heavy volume. Thus far, 9.3 million shares of Xerox Corporation exchanged hands as compared to its average daily volume of 10.5 million shares. The stock has ranged in price between $10.71-$11.12 after having opened the day at $11.10 as compared to the previous trading day's close of $11.24. Xerox Corporation provides business process and document management services worldwide. Xerox Corporation has a market cap of $14.5 billion and is part of the computer software & services industry. The company has a P/E ratio of 12.5, below the S&P 500 P/E ratio of 17.7. Shares are down 7.6% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Xerox Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.TheStreet Ratings rates Xerox Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, notable return on equity, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Xerox Corporation 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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