3 Stocks Boosting The Consumer Goods Sector Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Consumer Goods sector currently sits down 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Xerox Corporation ( XRX), up 1.9%, BRF ( BRFS), up 1.9%, Ford Motor ( F), up 1.5%, Sony ( SNE), up 1.5% and Coca-Cola Femsa SAB de CV ( KOF), up 1.4%. On the negative front, top decliners within the sector include General Mills ( GIS), down 3.1%, Coca-Cola HBC ( CCH), down 2.8%, Lorillard ( LO), down 1.9%, Reynolds American ( RAI), down 1.1% and Archer-Daniels Midland ( ADM), down 0.8%.

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

3. Michael Kors Holdings ( KORS) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Michael Kors Holdings is up $1.22 (1.4%) to $89.58 on average volume. Thus far, 1.2 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $88.36-$89.88 after having opened the day at $88.36 as compared to the previous trading day's close of $88.36.

Michael Kors Holdings Limited is engaged in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $18.1 billion and is part of the consumer non-durables industry. Shares are up 8.8% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Michael Kors Holdings a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Michael Kors Holdings as a buy. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Michael Kors Holdings Ratings Report now.

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2. As of noon trading, Nike ( NKE) is up $0.89 (1.2%) to $75.87 on average volume. Thus far, 1.4 million shares of Nike exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $75.03-$76.05 after having opened the day at $75.03 as compared to the previous trading day's close of $74.98.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide. Nike has a market cap of $52.6 billion and is part of the consumer non-durables industry. Shares are down 4.7% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate Nike a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Nike 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, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Nike Ratings Report now.

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1. As of noon trading, PepsiCo ( PEP) is up $0.63 (0.7%) to $88.68 on average volume. Thus far, 1.9 million shares of PepsiCo exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $87.90-$88.71 after having opened the day at $87.98 as compared to the previous trading day's close of $88.05.

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 $135.1 billion and is part of the food & beverage industry. Shares are up 6.2% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who 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.

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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