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 or Stephanie Link.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 62 points (0.4%) at 16,880 as of Tuesday, Oct. 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,323 issues advancing vs. 662 declining with 163 unchanged.
The Consumer Goods sector currently sits up 1.3% versus the S&P 500, which is up 0.5%. Top gainers within the sector include
(
), up 6.9%, and
(
), up 0.6%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
TheStreet Recommends
3.
(
) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, General Motors is up $0.77 (2.6%) to $30.85 on heavy volume. Thus far, 11.3 million shares of General Motors exchanged hands as compared to its average daily volume of 14.1 million shares. The stock has ranged in price between $30.14-$31.06 after having opened the day at $30.39 as compared to the previous trading day's close of $30.08.
General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. General Motors has a market cap of $48.3 billion and is part of the automotive industry. Shares are down 26.5% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate General Motors a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
General Motors
as a
. 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 growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
2. As of noon trading,
(
) is up $15.52 (7.0%) to $237.19 on heavy volume. Thus far, 5.9 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $228.25-$238.49 after having opened the day at $229.60 as compared to the previous trading day's close of $221.67.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $29.3 billion and is part of the automotive industry. Shares are up 56.4% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Tesla Motors a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Tesla Motors
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally higher debt management risk. Get the full
now.
1. As of noon trading,
(
) is up $1.25 (1.2%) to $106.36 on light volume. Thus far, 21.9 million shares of Apple exchanged hands as compared to its average daily volume of 59.2 million shares. The stock has ranged in price between $105.35-$106.42 after having opened the day at $105.40 as compared to the previous trading day's close of $105.11.
Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. Apple has a market cap of $630.0 billion and is part of the consumer durables industry. Shares are up 31.3% year-to-date as of the close of trading on Monday. Currently there are 27 analysts who rate Apple a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Apple
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
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
(
).
null
