3 Stocks Pushing The Consumer Goods Sector Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Consumer Goods sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Tesla Motors ( TSLA), down 4.0%, and Royal Philips ( PHG), down 1.2%. Top gainers within the sector include Kraft Foods Group ( KRFT), up 1.1%, General Motors ( GM), up 0.9%, Ford Motor ( F), up 0.8% and Mondelez International ( MDLZ), up 0.5%.

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

3. Colgate-Palmolive ( CL) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Colgate-Palmolive is down $0.33 (-0.5%) to $66.03 on average volume. Thus far, 1.4 million shares of Colgate-Palmolive exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $65.86-$66.57 after having opened the day at $66.38 as compared to the previous trading day's close of $66.36.

Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. The company operates in two segments: Oral, Personal and Home Care; and Pet Nutrition. Colgate-Palmolive has a market cap of $61.3 billion and is part of the consumer non-durables industry. Shares are up 1.8% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Colgate-Palmolive a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Colgate-Palmolive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year and notable return on equity. 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 Colgate-Palmolive Ratings Report now.

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