3 Stocks Raising 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Consumer Goods sector currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the sector include Constellation Brands ( STZ), up 3.1%, Tyson Foods ( TSN), up 1.8%, BorgWarner ( BWA), up 1.4%, Archer-Daniels Midland ( ADM), up 0.9% and Coca-Cola Femsa SAB de CV ( KOF), up 0.7%. On the negative front, top decliners within the sector include Hormel Foods ( HRL), down 2.1%, Sony ( SNE), down 1.2%, Keurig Green Mountain ( GMCR), down 1.1%, Honda Motor ( HMC), down 0.6% and Canon ( CAJ), down 0.5%.

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

3. Philip Morris International ( PM) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Philip Morris International is up $0.61 (0.7%) to $84.82 on average volume. Thus far, 2.1 million shares of Philip Morris International exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $83.83-$84.84 after having opened the day at $84.21 as compared to the previous trading day's close of $84.21.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. The company's portfolio of brands include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. Philip Morris International has a market cap of $132.6 billion and is part of the tobacco industry. Shares are down 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Philip Morris International a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Philip Morris International as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and feeble growth in the company's earnings per share. Get the full Philip Morris International 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.

2. As of noon trading, Procter & Gamble ( PG) is up $0.55 (0.7%) to $79.83 on light volume. Thus far, 2.8 million shares of Procter & Gamble exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $79.44-$79.86 after having opened the day at $79.56 as compared to the previous trading day's close of $79.28.

The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. Procter & Gamble has a market cap of $212.7 billion and is part of the consumer non-durables industry. Shares are down 2.6% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Procter & Gamble a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, growth in earnings per share, increase in net income, 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 somewhat disappointing return on equity. Get the full Procter & Gamble 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.

1. As of noon trading, General Motors ( GM) is up $0.27 (0.7%) to $37.86 on average volume. Thus far, 11.1 million shares of General Motors exchanged hands as compared to its average daily volume of 16.2 million shares. The stock has ranged in price between $37.37-$38.15 after having opened the day at $37.50 as compared to the previous trading day's close of $37.59.

General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. General Motors has a market cap of $58.2 billion and is part of the automotive industry. Shares are down 8.0% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate General Motors a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates General Motors as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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 General Motors 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).

null

More from Markets

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern