3 Food & Beverage Stocks Nudging The Industry 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 Food & Beverage industry currently sits up 0.2% versus the S&P 500, which is unchanged.

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

3. Archer-Daniels Midland ( ADM) is one of the companies pushing the Food & Beverage industry higher today. As of noon trading, Archer-Daniels Midland is up $0.38 (0.9%) to $45.24 on average volume. Thus far, 1.2 million shares of Archer-Daniels Midland exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $44.81-$45.34 after having opened the day at $44.93 as compared to the previous trading day's close of $44.85.

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company's Oilseeds Processing segment originates, merchandises, crushes, and processes soybeans and soft seeds into vegetable oils and protein meals. Archer-Daniels Midland has a market cap of $28.9 billion and is part of the consumer goods sector. Shares are up 3.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Archer-Daniels Midland a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Archer-Daniels Midland as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, 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 has had sub par growth in net income. Get the full Archer-Daniels Midland Ratings Report now.

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