3 Stocks Pushing The Consumer Goods Sector Lower

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 up 34 points (0.2%) at 16,956 as of Friday, June 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,547 issues advancing vs. 1,406 declining with 177 unchanged.

The Consumer Goods sector currently sits down 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Coach ( COH), down 2.8%, and Ford Motor ( F), down 0.6%.

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

3. ConAgra Foods ( CAG) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, ConAgra Foods is down $0.56 (-1.9%) to $28.82 on heavy volume. Thus far, 7.2 million shares of ConAgra Foods exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $28.80-$29.20 after having opened the day at $29.14 as compared to the previous trading day's close of $29.38.

ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products. ConAgra Foods has a market cap of $12.8 billion and is part of the food & beverage industry. Shares are down 12.8% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate ConAgra Foods a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates ConAgra Foods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. 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 ConAgra Foods Ratings Report now.

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2. As of noon trading, Colgate-Palmolive ( CL) is down $0.70 (-1.0%) to $68.74 on average volume. Thus far, 1.8 million shares of Colgate-Palmolive exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $68.69-$69.47 after having opened the day at $69.30 as compared to the previous trading day's close of $69.43.

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 $62.9 billion and is part of the consumer non-durables industry. Shares are up 6.5% year-to-date as of the close of trading on Thursday. Currently there are 6 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, notable return on equity, good cash flow from operations, expanding profit margins 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 Colgate-Palmolive 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, PepsiCo ( PEP) is down $0.64 (-0.7%) to $89.46 on average volume. Thus far, 2.9 million shares of PepsiCo exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $89.31-$90.24 after having opened the day at $90.14 as compared to the previous trading day's close of $90.10.

PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips, Doritos and Tostitos tortilla chips, Cheetos cheese flavored snacks, dips, Fritos corn chips, and Santitas tortilla chips. PepsiCo has a market cap of $134.8 billion and is part of the food & beverage industry. Shares are up 8.6% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate PepsiCo a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates PepsiCo as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and expanding profit margins. 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 PepsiCo 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).

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