4 Stocks Moving The Consumer Goods Sector Upward

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 62 points (-0.4%) at 14,778 as of Wednesday, May 1, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 958 issues advancing vs. 1,966 declining with 114 unchanged.

The Consumer Goods sector currently sits down 1.15 versus the S&P 500, which is down 0.42. Top gainers within the sector include Philip Morris International ( PM), up 0.9%, and Procter & Gamble ( PG), up 0.8%. On the negative front, top decliners within the sector include Xerox Corporation ( XRX), down 3.38, Companhia de Bebidas das Americas Ambev ( ABV), down 1.95, Canon ( CAJ), down 1.92, Honda Motor ( HMC), down 1.50 and Companhia de Bebidas das Americas Ambev ( ABV.C), down 1.40.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Colgate-Palmolive Company ( CL) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Colgate-Palmolive Company is up $0.64 (0.54) to $120.05 on light volume Thus far, 530,997 shares of Colgate-Palmolive Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $118.99-$120.46 after having opened the day at $119.29 as compared to the previous trading day's close of $119.41.

Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. The company operates in two segments: Oral, Personal and Home Care; and Pet Nutrition. Colgate-Palmolive Company has a market cap of $55.7 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 14.2% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Colgate-Palmolive Company a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Colgate-Palmolive Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Colgate-Palmolive Company Ratings Report now.

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