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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.2%) at 14,513 as of Friday, March 15, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,309 issues advancing vs. 1,578 declining with 140 unchanged.

The Consumer Goods sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. A company within the sector that increased today was Mead Johnson Nutrition Company ( MJN), up 1.7%. On the negative front, top decliners within the sector include BRF - Brasil Foods ( BRFS), down 1.7%, Companhia de Bebidas das Americas Ambev ( ABV), down 1.1% and Companhia de Bebidas das Americas Ambev ( ABV.C), down 0.7%.

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

3. Honda Motor ( HMC) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Honda Motor is up $0.48 (1.2%) to $39.49 on light volume Thus far, 192,105 shares of Honda Motor exchanged hands as compared to its average daily volume of 657,800 shares. The stock has ranged in price between $39.33-$39.62 after having opened the day at $39.40 as compared to the previous trading day's close of $39.01.

Honda Motor Co., Ltd., together with its subsidiaries, engages in the development, manufacture, and distribution of motorcycles, automobiles, and power products worldwide. Honda Motor has a market cap of $70.5 billion and is part of the automotive industry. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Honda Motor a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Honda Motor as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Honda Motor Ratings Report now.

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