5 Stocks Pushing The Consumer Goods Sector Lower

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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 lower today:

5. Canon ( CAJ) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Canon is down $0.64 (-2.0%) to $30.95 on light volume. Thus far, 117,184 shares of Canon exchanged hands as compared to its average daily volume of 401,400 shares. The stock has ranged in price between $30.95-$31.18 after having opened the day at $31.10 as compared to the previous trading day's close of $31.59.

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 $36.1 billion and is part of the consumer durables industry. Shares are down 19.5% year to date as of the close of trading on Wednesday. Currently there are 3 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.

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