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.

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