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TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

3 Consumer Goods Stocks Pushing Sector Growth

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,733 as of Monday, June 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,394 issues advancing vs. 1,564 declining with 187 unchanged.

The Consumer Goods sector currently sits down 0.5% versus the S&P 500, which is unchanged. Top gainers within the sector include Coca-Cola HBC ( CCH), up 3.2%, Tyson Foods ( TSN), up 1.8% and Toyota Motor Corp ADR ( TM), up 0.6%. On the negative front, top decliners within the sector include Icahn ( IEP), down 3.7%, and Kraft Foods Group ( KRFT), down 0.8%.

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

3. MeadWestvaco ( MWV) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, MeadWestvaco is up $1.83 (4.5%) to $42.41 on heavy volume. Thus far, 1.7 million shares of MeadWestvaco exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $41.90-$42.62 after having opened the day at $42.49 as compared to the previous trading day's close of $40.58.

MeadWestvaco Corporation provides packaging solutions to healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries worldwide. MeadWestvaco has a market cap of $6.8 billion and is part of the consumer non-durables industry. Shares are up 9.9% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate MeadWestvaco a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates MeadWestvaco as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full MeadWestvaco 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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