3 Consumer Goods Stocks Driving The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,836 as of Monday, Jan. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 751 issues advancing vs. 2,176 declining with 155 unchanged.

The Consumer Goods sector currently sits down 0.7% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Sony Corporation ( SNE), down 5.2%, Coca-Cola Femsa S.A.B. de C.V ( KOF), down 1.8%, Canon ( CAJ), down 0.9% and Toyota Motor ( TM), down 0.8%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Nike ( NKE) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Nike is up $0.42 (0.6%) to $72.07 on average volume. Thus far, 2.1 million shares of Nike exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $71.72-$72.26 after having opened the day at $71.91 as compared to the previous trading day's close of $71.65.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide. Nike has a market cap of $51.5 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7. Shares are down 8.9% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Nike a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Nike Ratings Report now.

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2. As of noon trading, PepsiCo ( PEP) is up $0.90 (1.1%) to $82.33 on average volume. Thus far, 1.9 million shares of PepsiCo exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $81.42-$82.43 after having opened the day at $81.43 as compared to the previous trading day's close of $81.43.

PepsiCo, Inc. operates as a food and beverage company worldwide. PepsiCo has a market cap of $126.4 billion and is part of the food & beverage industry. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate PepsiCo a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates PepsiCo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and reasonable valuation levels. 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 PepsiCo Ratings Report now.

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1. As of noon trading, Apple ( AAPL) is up $3.91 (0.7%) to $549.98 on average volume. Thus far, 6.5 million shares of Apple exchanged hands as compared to its average daily volume of 11.4 million shares. The stock has ranged in price between $549.40-$554.80 after having opened the day at $550.07 as compared to the previous trading day's close of $546.07.

Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. Apple has a market cap of $496.4 billion and is part of the consumer durables industry. The company has a P/E ratio of 14.0, below the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year-to-date as of the close of trading on Friday. Currently there are 28 analysts who rate Apple a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Apple 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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