3 Consumer Goods Stocks Pushing Sector Growth

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 30 points (0.2%) at 16,949 as of Wednesday, Aug. 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,589 declining with 185 unchanged.

The Consumer Goods sector currently sits down 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Hain Celestial Group ( HAIN), up 10.8%, and Icahn ( IEP), up 1.3%. A company within the sector that fell today was Canon ( CAJ), up 0.9%.

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

3. Harley-Davidson ( HOG) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Harley-Davidson is up $1.36 (2.2%) to $64.30 on average volume. Thus far, 1.0 million shares of Harley-Davidson exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $62.85-$64.37 after having opened the day at $62.93 as compared to the previous trading day's close of $62.94.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Harley-Davidson, Inc. manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services. Harley-Davidson has a market cap of $13.6 billion and is part of the automotive industry. Shares are down 9.1% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Harley-Davidson a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Harley-Davidson as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Harley-Davidson 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, Colgate-Palmolive ( CL) is up $0.40 (0.6%) to $64.66 on average volume. Thus far, 1.4 million shares of Colgate-Palmolive exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $64.24-$64.75 after having opened the day at $64.42 as compared to the previous trading day's close of $64.26.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $59.0 billion and is part of the consumer non-durables industry. Shares are down 1.5% year-to-date as of the close of trading on Tuesday. 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, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in net income. 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 Colgate-Palmolive 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, Michael Kors Holdings ( KORS) is up $2.14 (2.7%) to $82.08 on average volume. Thus far, 1.6 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $79.62-$82.42 after having opened the day at $79.94 as compared to the previous trading day's close of $79.95.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $16.3 billion and is part of the consumer non-durables industry. Shares are down 1.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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.

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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