4 Stocks Dragging The Consumer Goods Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 15,482 as of Monday, July 15, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,042 declining with 108 unchanged.

The Consumer Goods sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Herbalife ( HLF), up 6.3%, Companhia de Bebidas das Americas Ambev ( ABV), up 1.9%, Companhia de Bebidas das Americas Ambev ( ABV.C), up 1.2% and Honda Motor ( HMC), up 0.9%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. Ingredion ( INGR) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Ingredion is down $6.50 (-9.4%) to $62.96 on heavy volume. Thus far, 1.5 million shares of Ingredion exchanged hands as compared to its average daily volume of 448,000 shares. The stock has ranged in price between $62.42-$65.74 after having opened the day at $65.00 as compared to the previous trading day's close of $69.46.

Ingredion Incorporated, together with its subsidiaries, manufactures and sells starch and sweetener ingredients in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. Ingredion has a market cap of $5.4 billion and is part of the food & beverage industry. Shares are up 7.3% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Ingredion a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Ingredion as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Ingredion Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Ingredion (INGR) Reaches New Lifetime High Today

Ingredion (INGR) Hits New Lifetime High

New Lifetime High Today: Ingredion (INGR)

Today Ingredion (INGR) Hits New Lifetime High

New Lifetime High Reached By Ingredion (INGR)