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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2. As of noon trading, Philip Morris International ( PM) is down $0.61 (-0.7%) to $93.51 on average volume Thus far, 2.5 million shares of Philip Morris International exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $93.35-$95.60 after having opened the day at $94.89 as compared to the previous trading day's close of $94.12.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. Philip Morris International has a market cap of $153.9 billion and is part of the tobacco industry. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year to date as of the close of trading on Friday.

TheStreet Ratings rates Philip Morris International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and weak operating cash flow. Get the full Philip Morris International Ratings Report now.

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1. As of noon trading, Procter & Gamble ( PG) is down $0.57 (-0.7%) to $81.31 on heavy volume Thus far, 7.5 million shares of Procter & Gamble exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $80.79-$82.13 after having opened the day at $82.05 as compared to the previous trading day's close of $81.88.

The Procter & Gamble Company, together with its subsidiaries, engages in the manufacture and sale of a range of branded consumer packaged goods. The company operates in five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. Procter & Gamble has a market cap of $224.4 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are up 20.6% year to date as of the close of trading on Friday.

TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Procter & Gamble Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 5 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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