3 Stocks Improving Performance Of The Consumer Non-Durables Industry

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 99 points (0.6%) at 17,076 as of Friday, July 18, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,467 issues advancing vs. 494 declining with 140 unchanged.

The Consumer Non-Durables industry currently sits up 0.9% versus the S&P 500, which is up 0.9%. Top gainers within the industry include Foot Locker ( FL), up 2.4%, Packaging Corp of America ( PKG), up 2.3%, Crown Holdings ( CCK), up 2.1% and Ball ( BLL), up 1.6%.

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

3. Colgate-Palmolive ( CL) is one of the companies pushing the Consumer Non-Durables industry higher today. As of noon trading, Colgate-Palmolive is up $0.39 (0.6%) to $68.99 on average volume. Thus far, 1.0 million shares of Colgate-Palmolive exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $68.55-$69.01 after having opened the day at $68.78 as compared to the previous trading day's close of $68.60.

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 $63.6 billion and is part of the consumer goods sector. Shares are up 6.5% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who 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.

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, Under Armour ( UA) is up $1.30 (2.3%) to $58.30 on light volume. Thus far, 1.2 million shares of Under Armour exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $57.23-$58.77 after having opened the day at $57.48 as compared to the previous trading day's close of $57.00.

Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, Asia, and Latin America. Under Armour has a market cap of $10.0 billion and is part of the consumer goods sector. Shares are up 30.6% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Under Armour a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Under Armour 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Under Armour 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, Nike ( NKE) is up $1.00 (1.3%) to $77.53 on average volume. Thus far, 1.3 million shares of Nike exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $76.67-$77.71 after having opened the day at $76.85 as compared to the previous trading day's close of $76.53.

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 $53.9 billion and is part of the consumer goods sector. Shares are down 2.7% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Nike a buy, no analysts rate it a sell, and 8 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 solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Nike 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 non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

null

More from Markets

Dow Sinks for Eighth Straight Session; Intel's CEO Departs -- ICYMI

Dow Sinks for Eighth Straight Session; Intel's CEO Departs -- ICYMI

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Banks Pass Fed 'Stress Test' With Room for Dividends, Buybacks

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins