3 Consumer Goods Stocks Nudging 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Consumer Goods sector currently sits up 0.8% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Pitney Bowes ( PBI), up 4.0%, Tesla Motors ( TSLA), up 3.9%, Harman International Industries ( HAR), up 2.7%, ConAgra Foods ( CAG), up 1.3% and Canon ( CAJ), up 1.2%. A company within the sector that fell today was UniFirst Corporation ( UNF), up 9.3%.

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

3. Johnson Controls ( JCI) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Johnson Controls is up $0.57 (1.2%) to $48.78 on average volume. Thus far, 2.5 million shares of Johnson Controls exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $48.32-$49.17 after having opened the day at $48.37 as compared to the previous trading day's close of $48.21.

Johnson Controls, Inc. is engaged in building efficiency, automotive experience, and power solutions businesses worldwide. Johnson Controls has a market cap of $31.4 billion and is part of the automotive industry. Shares are down 6.0% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Johnson Controls a buy, 1 analyst rates it a sell, and 10 rate it a hold.

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

2. As of noon trading, Nike ( NKE) is up $0.41 (0.6%) to $74.80 on average volume. Thus far, 1.5 million shares of Nike exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $74.53-$75.00 after having opened the day at $74.71 as compared to the previous trading day's close of $74.39.

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 $52.3 billion and is part of the consumer non-durables industry. Shares are down 6.1% year-to-date as of the close of trading on Tuesday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nike 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 $0.31 (0.9%) to $35.13 on light volume. Thus far, 3.3 million shares of Mondelez International exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $34.73-$35.14 after having opened the day at $34.76 as compared to the previous trading day's close of $34.82.

Mondelez International, Inc., through its subsidiaries, manufactures and markets snack food and beverage products worldwide. Mondelez International has a market cap of $58.8 billion and is part of the food & beverage industry. Shares are down 2.1% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Mondelez International a buy, 1 analyst rates it a sell, and 8 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 compelling growth in net income, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. 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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