3 Stocks Dragging The Consumer Goods Sector Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 115 points (0.7%) at 16,388 as of Friday, Feb. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,987 issues advancing vs. 938 declining with 158 unchanged.

The Consumer Goods sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. A company within the sector that fell today was Tesla Motors ( TSLA), up 2.3%. Top gainers within the sector include Monster Beverage ( MNST), up 4.4%, BRF ( BRFS), up 4.3%, LKQ Corporation ( LKQ), up 2.9%, PACCAR ( PCAR), up 2.2% and Estee Lauder Cos ( EL), up 1.7%.

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

3. Honda Motor ( HMC) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Honda Motor is down $0.32 (-0.9%) to $36.11 on light volume. Thus far, 144,528 shares of Honda Motor exchanged hands as compared to its average daily volume of 399,500 shares. The stock has ranged in price between $35.93-$36.17 after having opened the day at $35.95 as compared to the previous trading day's close of $36.43.

Honda Motor Co., Ltd. engages in the manufacture and sale of motorcycles, automobiles, and power products. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. Honda Motor has a market cap of $65.0 billion and is part of the automotive industry. Shares are down 11.9% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Honda Motor a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Honda Motor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Honda Motor Ratings Report now.

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