5 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 12 points (0.1%) at 14,943 as of Thursday, Sept. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,453 declining with 120 unchanged.

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

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. Honda Motor ( HMC) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Honda Motor is up $0.63 (1.7%) to $37.71 on heavy volume. Thus far, 478,382 shares of Honda Motor exchanged hands as compared to its average daily volume of 409,200 shares. The stock has ranged in price between $37.48-$37.84 after having opened the day at $37.49 as compared to the previous trading day's close of $37.08.

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 $65.8 billion and is part of the automotive industry. Shares are up 0.4% year to date as of the close of trading on Wednesday. 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.

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