3 Stocks Underperforming Today In The Consumer Goods Sector

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 87 points (0.5%) at 16,606 as of Thursday, May 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,938 issues advancing vs. 1,065 declining with 159 unchanged.

The Consumer Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.5%. A company within the sector that fell today was Tesla Motors ( TSLA), up 7.5%. Top gainers within the sector include Keurig Green Mountain ( GMCR), up 16.0%, Ford Motor ( F), up 2.9%, Canon ( CAJ), up 2.1% and General Motors ( GM), up 0.8%.

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

3. Andersons ( ANDE) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Andersons is down $8.42 (-13.6%) to $53.39 on heavy volume. Thus far, 681,945 shares of Andersons exchanged hands as compared to its average daily volume of 262,300 shares. The stock has ranged in price between $52.15-$60.41 after having opened the day at $58.45 as compared to the previous trading day's close of $61.81.

The Andersons, Inc. is engaged in the grain, ethanol, plant nutrient, railcar leasing, turf and cob products, and consumer retailing businesses. It operates in six segments: Grain, Ethanol, Rail, Plant Nutrient, Turf & Specialty, and Retail. Andersons has a market cap of $1.8 billion and is part of the food & beverage industry. Shares are up 4.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Andersons a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Andersons as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Andersons Ratings Report now.

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