3 Stocks Dragging The Consumer Goods Sector Downward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged.

The Consumer Goods sector currently sits down 0.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include LKQ ( LKQ), down 2.4%, Mohawk Industries ( MHK), down 1.6%, Whirlpool ( WHR), down 1.4%, Xerox Corporation ( XRX), down 1.4% and Hershey ( HSY), down 1.4%.

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

3. Estee Lauder Cos ( EL) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Estee Lauder Cos is down $0.79 (-1.1%) to $73.27 on average volume. Thus far, 1.4 million shares of Estee Lauder Cos exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $73.05-$73.71 after having opened the day at $73.68 as compared to the previous trading day's close of $74.06.

The Estee Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. Estee Lauder Cos has a market cap of $18.0 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 28.8, above the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year-to-date as of the close of trading on Monday. Currently there are 12 analysts that rate Estee Lauder Cos a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Estee Lauder Cos 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Estee Lauder Cos Ratings Report now.

STOCKS TO BUY: 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, Ford Motor ( F) is down $0.12 (-0.7%) to $15.62 on light volume. Thus far, 10.2 million shares of Ford Motor exchanged hands as compared to its average daily volume of 32.5 million shares. The stock has ranged in price between $15.58-$15.76 after having opened the day at $15.74 as compared to the previous trading day's close of $15.74.

Ford Motor Company develops, manufactures, distributes, and services vehicles, parts, and accessories worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. Ford Motor has a market cap of $61.7 billion and is part of the automotive industry. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 2.0% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate Ford Motor a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Ford Motor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth 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 Ford Motor Ratings Report now.

STOCKS TO BUY: 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, Tesla Motors ( TSLA) is down $5.59 (-2.6%) to $211.02 on light volume. Thus far, 3.2 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $210.07-$218.66 after having opened the day at $216.60 as compared to the previous trading day's close of $216.61.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $26.0 billion and is part of the automotive industry. Shares are up 44.0% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that 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.

STOCKS TO BUY: 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).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%