3 Consumer Goods Stocks Pushing The Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 76 points (0.5%) at 16,332 as of Wednesday, April 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,886 issues advancing vs. 1,057 declining with 161 unchanged.

The Consumer Goods sector currently sits up 0.4% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Royal Philips ( PHG), up 1.9%, Kellogg Company ( K), up 1.8%, Canon ( CAJ), up 1.1%, Honda Motor ( HMC), up 1.0% and Altria Group ( MO), up 0.5%. On the negative front, top decliners within the sector include Hershey Company ( HSY), down 2.6%, Constellation Brands ( STZ), down 2.3% and Kraft Foods Group ( KRFT), down 1.2%.

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

3. PACCAR ( PCAR) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, PACCAR is up $1.15 (1.8%) to $66.72 on average volume. Thus far, 1.0 million shares of PACCAR exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $65.67-$66.77 after having opened the day at $66.04 as compared to the previous trading day's close of $65.57.

PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. It operates through three segments: Truck, Parts, and Financial Services. PACCAR has a market cap of $23.0 billion and is part of the automotive industry. Shares are up 10.8% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate PACCAR a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates PACCAR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. 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 PACCAR Ratings Report now.

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