3 Stocks Pushing The Consumer Goods Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Consumer Goods sector currently sits up 0.5% versus the S&P 500, which is down 0.1%. A company within the sector that fell today was Panasonic Corporation ( PC), up 4.9%. A company within the sector that increased today was Coca-Cola Hellenic Bottling Company S.A ( CCH), up 4.6%.

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

3. Companhia de Bebidas das Americas Ambev ( ABV) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Companhia de Bebidas das Americas Ambev is down $0.22 (-0.5%) to $40.80 on light volume Thus far, 883,426 shares of Companhia de Bebidas das Americas Ambev exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $40.53-$40.92 after having opened the day at $40.71 as compared to the previous trading day's close of $41.02.

Companhia de Bebidas das Americas Ambev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. Companhia de Bebidas das Americas Ambev has a market cap of $127.2 billion and is part of the food & beverage industry. The company has a P/E ratio of 103.6, above the S&P 500 P/E ratio of 17.7. Shares are up 13.0% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Companhia de Bebidas das Americas Ambev a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Companhia de Bebidas das Americas Ambev as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins. 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 Companhia de Bebidas das Americas Ambev Ratings Report now.

2. As of noon trading, Philip Morris International ( PM) is down $1.03 (-1.2%) to $85.90 on light volume Thus far, 2.8 million shares of Philip Morris International exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $85.66-$87.45 after having opened the day at $86.61 as compared to the previous trading day's close of $86.93.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. Philip Morris International has a market cap of $147.7 billion and is part of the tobacco industry. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Philip Morris International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Philip Morris International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Philip Morris International Ratings Report now.

1. As of noon trading, Procter & Gamble ( PG) is down $0.70 (-1.0%) to $68.49 on light volume Thus far, 3.2 million shares of Procter & Gamble exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $68.48-$69.22 after having opened the day at $69.06 as compared to the previous trading day's close of $69.19.

The Procter & Gamble Company, together with its subsidiaries, engages in the manufacture and sale of a range of branded consumer packaged goods. The company operates in five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. Procter & Gamble has a market cap of $189.3 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Procter & Gamble a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Procter & Gamble Ratings Report now.

If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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