3 Consumer Goods Stocks Nudging The Sector Higher
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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 10 points (0.1%) at 17,688 as of Friday, March 27, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,747 issues advancing vs. 1,216 declining with 147 unchanged.
The Consumer Goods sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include
(
), up 4.5%,
(
), up 1.4% and
(
), up 0.9%. A company within the sector that fell today was
(
), up 0.7%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Canon is up $0.44 (1.3%) to $35.50 on average volume. Thus far, 151,792 shares of Canon exchanged hands as compared to its average daily volume of 327,600 shares. The stock has ranged in price between $35.47-$35.60 after having opened the day at $35.57 as compared to the previous trading day's close of $35.06.
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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 $38.2 billion and is part of the consumer durables industry. Shares are up 10.7% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Canon a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Canon
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
2. As of noon trading,
(
) is up $1.14 (3.3%) to $35.89 on average volume. Thus far, 1.8 million shares of ConAgra Foods exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $34.76-$35.94 after having opened the day at $34.78 as compared to the previous trading day's close of $34.75.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through three segments: Consumer Foods, Commercial Foods, and Private Brands. ConAgra Foods has a market cap of $14.9 billion and is part of the food & beverage industry. Shares are down 4.2% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates ConAgra Foods a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
ConAgra Foods
as a
. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $0.52 (0.9%) to $54.46 on average volume. Thus far, 1.7 million shares of General Mills exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $53.86-$54.48 after having opened the day at $53.91 as compared to the previous trading day's close of $53.94.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company operates in three segments: U.S. General Mills has a market cap of $32.0 billion and is part of the food & beverage industry. Shares are up 1.1% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate General Mills a buy, 4 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
General Mills
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the consumer goods sector could consider
ProShares Ultra Sht Consumer Goods
(
).
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