3 Stocks Driving 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.

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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2. As of noon trading, General Motors ( GM) is up $0.26 (0.8%) to $33.70 on average volume. Thus far, 6.2 million shares of General Motors exchanged hands as compared to its average daily volume of 13.9 million shares. The stock has ranged in price between $33.56-$34.02 after having opened the day at $33.76 as compared to the previous trading day's close of $33.44.

General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. General Motors has a market cap of $54.3 billion and is part of the automotive industry. Shares are down 18.2% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate General Motors a buy, 1 analyst rates it a sell, and 4 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 and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. 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.

1. As of noon trading, Tesla Motors ( TSLA) is up $5.82 (2.5%) to $239.09 on average volume. Thus far, 3.4 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $233.27-$239.34 after having opened the day at $234.38 as compared to the previous trading day's close of $233.27.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $27.7 billion and is part of the automotive industry. Shares are up 55.1% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who 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.

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).

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