3 Consumer Goods Stocks Moving The Sector Upward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 54 points (-0.3%) at 16,409 as of Thursday, Jan. 9, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,224 issues advancing vs. 1,713 declining with 144 unchanged.

The Consumer Goods sector currently sits down 0.6% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Ford Motor ( F), up 1.9%, and Colgate-Palmolive Company ( CL), up 1.0%. On the negative front, top decliners within the sector include BRF ( BRFS), down 2.3%, and Coca-Cola ( KO), down 0.8%.

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 $0.18 (0.6%) to $31.12 on average volume. Thus far, 261,628 shares of Canon exchanged hands as compared to its average daily volume of 360,300 shares. The stock has ranged in price between $31.04-$31.23 after having opened the day at $31.17 as compared to the previous trading day's close of $30.94.

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 $36.4 billion and is part of the consumer durables industry. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Wednesday. Currently there are 4 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 good cash flow from operations. 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 deteriorating net income. Get the full Canon Ratings Report now.

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2. As of noon trading, Goodyear Tire & Rubber ( GT) is up $1.07 (4.3%) to $25.78 on heavy volume. Thus far, 3.6 million shares of Goodyear Tire & Rubber exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $24.80-$25.79 after having opened the day at $24.98 as compared to the previous trading day's close of $24.71.

The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires and related products and services worldwide. Goodyear Tire & Rubber has a market cap of $5.9 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 3.6% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Goodyear Tire & Rubber a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Goodyear Tire & Rubber as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Goodyear Tire & Rubber 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, Mondelez International ( MDLZ) is up $0.38 (1.1%) to $35.20 on average volume. Thus far, 4.4 million shares of Mondelez International exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $34.55-$35.28 after having opened the day at $34.58 as compared to the previous trading day's close of $34.82.

Mondelez International, Inc., together with its subsidiaries, manufactures and markets snack food and beverage products worldwide. Mondelez International has a market cap of $61.0 billion and is part of the food & beverage industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are down 1.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Mondelez International a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Mondelez International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Mondelez International 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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