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.

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