3 Stocks Moving The Consumer Goods Sector Upward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 60 points (0.4%) at 16,603 as of Friday, May 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,002 issues advancing vs. 938 declining with 179 unchanged.

The Consumer Goods sector currently sits up 0.8% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Icahn ( IEP), up 1.7%, Nike ( NKE), up 1.4%, Honda Motor ( HMC), up 1.3%, Lorillard ( LO), up 1.0% and Philip Morris International ( PM), up 0.6%. A company within the sector that fell today was BRF ( BRFS), up 0.9%.

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 $0.49 (1.0%) to $48.27 on light volume. Thus far, 1.0 million shares of Johnson Controls exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $47.81-$48.28 after having opened the day at $47.88 as compared to the previous trading day's close of $47.78.

Johnson Controls, Inc. is engaged in building efficiency, automotive experience, and power solutions businesses worldwide. Johnson Controls has a market cap of $31.6 billion and is part of the automotive industry. Shares are down 6.9% year-to-date as of the close of trading on Thursday. 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 revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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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