Consumer Goods Stocks On The Rise With Help From 3 Stocks

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Consumer Goods sector currently sits down 0.1% versus the S&P 500, which is up 0.1%. A company within the sector that increased today was Icahn ( IEP), up 2.1%. On the negative front, top decliners within the sector include Bunge ( BG), down 5.2%, Kellogg ( K), down 1.7%, International Paper ( IP), down 1.3%, Reynolds American ( RAI), down 1.1% and General Mills ( GIS), down 0.8%.

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 $0.42 (0.9%) to $45.56 on average volume. Thus far, 2.0 million shares of Johnson Controls exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $44.93-$45.61 after having opened the day at $45.19 as compared to the previous trading day's close of $45.14.

Johnson Controls, Inc. is engaged in building efficiency, automotive experience, and power solutions businesses worldwide. Johnson Controls has a market cap of $29.3 billion and is part of the automotive industry. The company has a P/E ratio of 25.0, above the S&P 500 P/E ratio of 17.7. Shares are down 12.0% year-to-date as of the close of trading on Wednesday. Currently there are 7 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 compelling growth in net income, revenue growth, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Johnson Controls Ratings Report now.

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2. As of noon trading, General Motors ( GM) is up $0.62 (1.8%) to $35.10 on average volume. Thus far, 10.9 million shares of General Motors exchanged hands as compared to its average daily volume of 26.2 million shares. The stock has ranged in price between $34.54-$35.40 after having opened the day at $34.67 as compared to the previous trading day's close of $34.48.

General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. General Motors has a market cap of $54.5 billion and is part of the automotive industry. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are down 16.8% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate General Motors a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates General Motors as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full General Motors Ratings Report now.

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1. As of noon trading, Tesla Motors ( TSLA) is up $4.54 (2.2%) to $212.43 on light volume. Thus far, 3.3 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $205.69-$214.02 after having opened the day at $207.08 as compared to the previous trading day's close of $207.89.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $25.5 billion and is part of the automotive industry. Shares are up 37.5% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate Tesla Motors a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Tesla Motors as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Tesla Motors 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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