PC, PM And PG, Pushing Consumer Goods Sector Downward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 153 points (1.0%) at 15,456 as of Tuesday, May 28, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,106 issues advancing vs. 846 declining with 109 unchanged.

The Consumer Goods sector currently sits up 1.0% versus the S&P 500, which is up 0.9%. Top gainers within the sector include Delphi Automotive ( DLPH), up 3.4%, Toyota Motor ( TM), up 2.8%, Johnson Controls ( JCI), up 2.7%, Mead Johnson Nutrition Company ( MJN), up 2.5% and International Paper ( IP), up 2.2%.

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

3. Panasonic Corporation ( PC) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Panasonic Corporation is down $0.35 (-4.0%) to $8.30 on light volume Thus far, 135,859 shares of Panasonic Corporation exchanged hands as compared to its average daily volume of 893,200 shares. The stock has ranged in price between $8.23-$8.40 after having opened the day at $8.39 as compared to the previous trading day's close of $8.65.

Panasonic Corporation produces and sells electronic and electric products worldwide. Panasonic Corporation has a market cap of $16.3 billion and is part of the consumer durables industry. The company has a P/E ratio of 8.4, below the S&P 500 P/E ratio of 17.7. Shares are up 19.3% year to date as of the close of trading on Friday.

TheStreet Ratings rates Panasonic Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and poor profit margins. Get the full Panasonic Corporation Ratings Report now.

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