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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 86 points (-0.5%) at 16,084 as of Friday, April 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,941 declining with 158 unchanged.

The Consumer Goods sector currently sits down 0.7% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Toyota Motor ( TM), up 1.9%, and Ford Motor ( F), up 1.2%. On the negative front, top decliners within the sector include Mead Johnson Nutrition Company ( MJN), down 2.1%, Coca-Cola Femsa S.A.B. de C.V ( KOF), down 1.8% and Philip Morris International ( PM), down 0.7%.

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

3. Canon ( CAJ) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Canon is up $0.34 (1.1%) to $30.96 on light volume. Thus far, 118,006 shares of Canon exchanged hands as compared to its average daily volume of 322,100 shares. The stock has ranged in price between $30.74-$30.97 after having opened the day at $30.89 as compared to the previous trading day's close of $30.62.

Canon Inc. manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment. Canon has a market cap of $35.4 billion and is part of the consumer durables industry. Shares are down 4.3% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Canon a buy, no analysts rate it a sell, and 1 rates it a hold.

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