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3 Stocks Pulling 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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Consumer Goods sector currently sits up 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Hormel Foods ( HRL), down 2.0%, Sony ( SNE), down 1.1%, Keurig Green Mountain ( GMCR), down 0.8%, Honda Motor ( HMC), down 0.5% and Canon ( CAJ), down 0.4%. Top gainers within the sector include Constellation Brands ( STZ), up 3.1%, Tyson Foods ( TSN), up 1.9%, BorgWarner ( BWA), up 1.5%, Archer-Daniels Midland ( ADM), up 0.9% and Coca-Cola Femsa SAB de CV ( KOF), up 0.9%.

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

3. Harley-Davidson ( HOG) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Harley-Davidson is down $2.03 (-2.9%) to $68.30 on heavy volume. Thus far, 1.7 million shares of Harley-Davidson exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $67.99-$68.87 after having opened the day at $68.75 as compared to the previous trading day's close of $70.33.

Harley-Davidson, Inc. manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services. Harley-Davidson has a market cap of $15.3 billion and is part of the automotive industry. Shares are up 1.6% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Harley-Davidson a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Harley-Davidson as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Harley-Davidson 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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