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3 Consumer Goods Stocks On The Rise

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 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Consumer Goods sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include McCormick & Company ( MKC), down 6.2%, Royal Philips ( PHG), down 2.9%, PepsiCo ( PEP), down 1.8%, Colgate-Palmolive Company ( CL), down 1.7% and Altria Group ( MO), down 1.2%.

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

3. Honda Motor ( HMC) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Honda Motor is up $0.25 (0.7%) to $38.31 on light volume. Thus far, 115,703 shares of Honda Motor exchanged hands as compared to its average daily volume of 308,800 shares. The stock has ranged in price between $38.10-$38.48 after having opened the day at $38.38 as compared to the previous trading day's close of $38.06.

Honda Motor Co., Ltd. engages in the manufacture and sale of motorcycles, automobiles, and power products. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. Honda Motor has a market cap of $68.6 billion and is part of the automotive industry. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are down 8.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Honda Motor a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Honda Motor as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Honda Motor Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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