3 Stocks Driving The Consumer Goods Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Consumer Goods sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. A company within the sector that increased today was Johnson Controls ( JCI), up 1.8%.

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

3. Ford Motor ( F) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Ford Motor is up $0.20 (1.2%) to $17.01 on average volume. Thus far, 12.8 million shares of Ford Motor exchanged hands as compared to its average daily volume of 26.3 million shares. The stock has ranged in price between $16.94-$17.14 after having opened the day at $16.96 as compared to the previous trading day's close of $16.81.

Ford Motor Company develops, manufactures, distributes, and services vehicles, parts, and accessories worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. Ford Motor has a market cap of $66.1 billion and is part of the automotive industry. Shares are up 8.9% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Ford Motor a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Ford Motor as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, growth in earnings per share and increase in stock price during the past year. 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 Ford Motor Ratings Report now.

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