3 Stocks Pushing The Consumer Goods Sector Downward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 44 points (0.2%) at 18,603 as of Wednesday, July 20, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,983 issues advancing vs. 916 declining with 144 unchanged.
The Consumer Goods sector currently sits up 0.8% versus the S&P 500, which is up 0.4%. Top gainers within the sector include
(
), up 9.5%,
(
), up 8.3%,
(
), up 7.1%,
Harman International Industries
(
), up 4.0% and
(
), up 2.5%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Kellogg is down $3.95 (-4.5%) to $83.03 on heavy volume. Thus far, 5.4 million shares of Kellogg exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $82.89-$87.00 after having opened the day at $86.90 as compared to the previous trading day's close of $86.98.
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Kellogg Company manufactures and markets ready-to-eat cereal and convenience foods. It operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Kellogg has a market cap of $30.0 billion and is part of the food & beverage industry. Shares are up 20.4% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Kellogg a buy, 3 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Kellogg
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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2. As of noon trading,
(
) is down $0.70 (-1.0%) to $71.94 on light volume. Thus far, 1.1 million shares of General Mills exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $71.74-$72.70 after having opened the day at $72.70 as compared to the previous trading day's close of $72.64.
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General Mills, Inc. manufactures and markets branded consumer foods in the United States. It operates in three segments: U.S. Retail, International, and Convenience Stores and Foodservice. General Mills has a market cap of $43.2 billion and is part of the food & beverage industry. Shares are up 26.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate General Mills a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
General Mills
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, expanding profit margins and compelling growth in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
now.
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1. As of noon trading,
(
) is down $0.38 (-0.8%) to $45.20 on light volume. Thus far, 1.9 million shares of Mondelez International exchanged hands as compared to its average daily volume of 7.8 million shares. The stock has ranged in price between $45.00-$45.79 after having opened the day at $45.79 as compared to the previous trading day's close of $45.58.
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Mondelez International, Inc., through its subsidiaries, manufactures and markets snack food and beverage products worldwide. Mondelez International has a market cap of $70.5 billion and is part of the food & beverage industry. Shares are up 1.6% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Mondelez International a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Mondelez International
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Mondelez International Ratings Report
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
(
).