3 Consumer Goods Stocks Dragging The Sector Down

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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%. 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 lower today:

3. Federal-Mogul ( FDML) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Federal-Mogul is down $3.06 (-13.3%) to $19.90 on heavy volume. Thus far, 431,011 shares of Federal-Mogul exchanged hands as compared to its average daily volume of 281,900 shares. The stock has ranged in price between $19.60-$22.14 after having opened the day at $21.76 as compared to the previous trading day's close of $22.97.

Federal-Mogul Corporation supplies various components, accessories, and systems in the United States and internationally. The company operates in two segments, Powertrain and Vehicle Components Solutions. Federal-Mogul has a market cap of $3.2 billion and is part of the automotive industry. Shares are up 16.7% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Federal-Mogul a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Federal-Mogul as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Federal-Mogul Ratings Report now.

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