3 Stocks Driving The Consumer Goods Sector Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Consumer Goods sector currently sits up 0.2% versus the S&P 500, which is down 0.2%.

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

3. Canon ( CAJ) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Canon is up $0.61 (1.9%) to $32.31 on light volume. Thus far, 102,368 shares of Canon exchanged hands as compared to its average daily volume of 458,100 shares. The stock has ranged in price between $32.25-$32.40 after having opened the day at $32.27 as compared to the previous trading day's close of $31.70.

Canon Inc. engages in the manufacture and sale of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment worldwide. Canon has a market cap of $37.2 billion and is part of the consumer durables industry. Shares are down 19.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Canon a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Canon as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. Get the full Canon Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Honda Motor ( HMC) is up $0.45 (1.2%) to $38.57 on light volume. Thus far, 185,810 shares of Honda Motor exchanged hands as compared to its average daily volume of 539,900 shares. The stock has ranged in price between $38.46-$38.65 after having opened the day at $38.50 as compared to the previous trading day's close of $38.12.

Honda Motor Co., Ltd. engages in the manufacture and sale of motorcycles, automobiles, and power products. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. Honda Motor has a market cap of $68.8 billion and is part of the automotive industry. Shares are up 3.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Honda Motor a buy, no analysts rate it a sell, and none rate 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Honda Motor Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Apple ( AAPL) is up $10.95 (2.4%) to $465.40 on average volume. Thus far, 7.9 million shares of Apple exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $456.63-$467.43 after having opened the day at $456.86 as compared to the previous trading day's close of $454.45.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple has a market cap of $418.8 billion and is part of the consumer durables industry. Shares are down 14.6% year to date as of the close of trading on Friday. Currently there are 28 analysts that rate Apple a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Apple Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 3 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).

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