3 Stocks Pushing The Consumer Goods Sector Higher

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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 15 points (-0.1%) at 14,074 as of Monday, March 4, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,591 declining with 184 unchanged.

The Consumer Goods sector currently sits down 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Altria Group ( MO), up 0.9%, and Philip Morris International ( PM), up 0.7%. On the negative front, top decliners within the sector include Canon ( CAJ), down 2.6%, Panasonic Corporation ( PC), down 1.5%, Toyota Motor ( TM), down 0.9% and General Motors ( GM), down 0.6%.

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

3. Reynolds American ( RAI) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Reynolds American is up $0.37 (0.8%) to $43.73 on light volume Thus far, 753,971 shares of Reynolds American exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $43.24-$43.96 after having opened the day at $43.27 as compared to the previous trading day's close of $43.36.

Reynolds American Inc., through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company operates through RJR Tobacco, American Snuff, and Santa Fe segments. Reynolds American has a market cap of $24.2 billion and is part of the tobacco industry. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 5.4% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Reynolds American a buy, 1 analyst rates it a sell, and 8 rate it a hold.

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

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