3 Stocks Pulling The Consumer Goods Sector Downward

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 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. On the negative front, top decliners within the sector include Hormel Foods ( HRL), down 2.0%, Sony ( SNE), down 1.1%, Keurig Green Mountain ( GMCR), down 0.8%, Honda Motor ( HMC), down 0.5% and Canon ( CAJ), down 0.4%. Top gainers within the sector include Constellation Brands ( STZ), up 3.1%, Tyson Foods ( TSN), up 1.9%, BorgWarner ( BWA), up 1.5%, Archer-Daniels Midland ( ADM), up 0.9% and Coca-Cola Femsa SAB de CV ( KOF), up 0.9%.

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

3. Harley-Davidson ( HOG) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Harley-Davidson is down $2.03 (-2.9%) to $68.30 on heavy volume. Thus far, 1.7 million shares of Harley-Davidson exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $67.99-$68.87 after having opened the day at $68.75 as compared to the previous trading day's close of $70.33.

Harley-Davidson, Inc. manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services. Harley-Davidson has a market cap of $15.3 billion and is part of the automotive industry. Shares are up 1.6% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Harley-Davidson a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Harley-Davidson as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Harley-Davidson 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.

2. As of noon trading, International Paper ( IP) is down $0.88 (-1.7%) to $49.92 on heavy volume. Thus far, 2.6 million shares of International Paper exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $49.87-$50.98 after having opened the day at $50.42 as compared to the previous trading day's close of $50.81.

International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, and the Middle East. International Paper has a market cap of $21.9 billion and is part of the consumer non-durables industry. Shares are up 3.6% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate International Paper a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates International Paper as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full International Paper 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, Tesla Motors ( TSLA) is down $3.96 (-1.6%) to $235.76 on average volume. Thus far, 2.9 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $235.52-$242.33 after having opened the day at $240.66 as compared to the previous trading day's close of $239.72.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $29.8 billion and is part of the automotive industry. Shares are up 59.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Tesla Motors as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. Get the full Tesla Motors 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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