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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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Consumer Goods sector currently sits up 0.8% versus the S&P 500, which is up 0.2%. A company within the sector that fell today was UniFirst Corporation ( UNF), up 9.3%. Top gainers within the sector include Pitney Bowes ( PBI), up 4.0%, Tesla Motors ( TSLA), up 3.9%, Harman International Industries ( HAR), up 2.7%, ConAgra Foods ( CAG), up 1.3% and Canon ( CAJ), up 1.2%.

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

3. Lear Corporation ( LEA) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Lear Corporation is down $1.50 (-1.7%) to $85.30 on heavy volume. Thus far, 733,623 shares of Lear Corporation exchanged hands as compared to its average daily volume of 966,400 shares. The stock has ranged in price between $85.23-$86.85 after having opened the day at $86.79 as compared to the previous trading day's close of $86.80.

Lear Corporation designs, manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide. It operates through two segments, Seating and Electrical. Lear Corporation has a market cap of $6.8 billion and is part of the automotive industry. Shares are up 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Lear Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Lear Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Lear 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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Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

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