3 Consumer Goods Stocks Dragging The Sector Down

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 lower today:

3. Clorox ( CLX) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Clorox is down $2.52 (-2.8%) to $86.68 on heavy volume. Thus far, 870,839 shares of Clorox exchanged hands as compared to its average daily volume of 984,500 shares. The stock has ranged in price between $86.63-$88.99 after having opened the day at $88.95 as compared to the previous trading day's close of $89.20.

The Clorox Company manufactures and markets consumer and professional products worldwide. Clorox has a market cap of $11.2 billion and is part of the consumer durables industry. Shares are down 3.8% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Clorox a buy, 5 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Clorox as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Clorox 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, Michael Kors Holdings ( KORS) is down $5.74 (-7.0%) to $76.09 on heavy volume. Thus far, 16.0 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $75.13-$79.74 after having opened the day at $79.19 as compared to the previous trading day's close of $81.83.

Michael Kors Holdings Limited is engaged in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $16.7 billion and is part of the consumer non-durables industry. Shares are up 0.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Michael Kors Holdings a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Michael Kors Holdings 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Michael Kors Holdings 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, Procter & Gamble ( PG) is down $0.62 (-0.8%) to $79.03 on heavy volume. Thus far, 6.5 million shares of Procter & Gamble exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $78.66-$79.46 after having opened the day at $79.46 as compared to the previous trading day's close of $79.65.

The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. Procter & Gamble has a market cap of $209.2 billion and is part of the consumer non-durables industry. Shares are down 2.2% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Procter & Gamble a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Procter & Gamble 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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