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 up 24 points (0.2%) at 14,421 as of Monday, March 11, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,375 issues advancing vs. 1,531 declining with 142 unchanged.

The Consumer Goods sector currently sits up 0.4% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Ford Motor ( F), up 1.8%, Sony Corporation ( SNE), up 1.3%, Coach ( COH), up 1.4%, Altria Group ( MO), up 0.7% and General Motors ( GM), up 0.8%. On the negative front, top decliners within the sector include Tupperware Brands Corporation ( TUP), down 3.8%, BRF - Brasil Foods ( BRFS), down 3.8%, Koninklijke Philips Electronics ( PHG), down 1.6%, Coca-Cola Hellenic Bottling Company S.A ( CCH), down 1.5% and Xerox Corporation ( XRX), down 1.5%.

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

3. Canon ( CAJ) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Canon is up $1.09 (3.0%) to $36.82 on average volume Thus far, 477,395 shares of Canon exchanged hands as compared to its average daily volume of 761,400 shares. The stock has ranged in price between $36.42-$36.89 after having opened the day at $36.43 as compared to the previous trading day's close of $35.73.

Canon Inc. engages in the manufacture and sale of network digital multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment worldwide. Canon has a market cap of $41.5 billion and is part of the consumer durables industry. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are down 8.9% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Canon a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canon as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Canon Ratings Report now.

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2. As of noon trading, Companhia de Bebidas das Americas Ambev ( ABV) is up $0.25 (0.6%) to $45.59 on light volume Thus far, 536,544 shares of Companhia de Bebidas das Americas Ambev exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $45.25-$45.65 after having opened the day at $45.62 as compared to the previous trading day's close of $45.34.

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 $141.3 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 8.0% year to date as of the close of trading on Friday. Currently there are 2 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, notable return on equity, expanding profit margins and good cash flow from operations. 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.

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1. As of noon trading, Johnson Controls ( JCI) is up $0.25 (0.7%) to $33.98 on light volume Thus far, 1.6 million shares of Johnson Controls exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $33.54-$34.06 after having opened the day at $33.70 as compared to the previous trading day's close of $33.73.

Johnson Controls, Inc. engages in building efficiency, automotive experience, and power solutions businesses worldwide. Johnson Controls has a market cap of $22.9 billion and is part of the automotive industry. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are up 10.0% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Johnson Controls a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Johnson Controls as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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 Johnson Controls Ratings Report now.

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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 ( 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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