4 Stocks Boosting The Consumer Goods Sector Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Consumer Goods sector currently sits down 0.3% versus the S&P 500, which is down 0.5%. A company within the sector that fell today was General Mills ( GIS), up 1.1%.

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

4. Gentex Corporation ( GNTX) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Gentex Corporation is up $1.32 (4.1%) to $33.61 on heavy volume. Thus far, 1.5 million shares of Gentex Corporation exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $32.42-$34.15 after having opened the day at $32.44 as compared to the previous trading day's close of $32.28.

Gentex Corporation designs, develops, manufactures, and markets electro-optical products for the automotive, commercial building, and aircraft industries primarily in the United States, Germany, and Japan. Gentex Corporation has a market cap of $4.4 billion and is part of the automotive industry. The company has a P/E ratio of 22.9, above the S&P 500 P/E ratio of 17.7. Shares are up 62.9% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Gentex Corporation a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Gentex Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Gentex Corporation Ratings Report now.

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