3 Consumer Goods Stocks Pushing The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 72 points (-0.4%) at 17,208 as of Monday, Sept. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 456 issues advancing vs. 2,548 declining with 145 unchanged.

The Consumer Goods sector currently sits down 1.2% versus the S&P 500, which is down 0.8%. Top gainers within the sector include Canon ( CAJ), up 1.1%, International Paper ( IP), up 0.9%, Colgate-Palmolive ( CL), up 0.9%, Kimberly-Clark ( KMB), up 0.7% and Procter & Gamble ( PG), up 0.6%. On the negative front, top decliners within the sector include Xerox Corporation ( XRX), down 3.0%, Michael Kors Holdings ( KORS), down 3.0%, BRF ( BRFS), down 3.0%, Mattel ( MAT), down 2.8% and Icahn ( IEP), down 2.3%.

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

3. Reynolds American ( RAI) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, Reynolds American is up $0.42 (0.7%) to $57.91 on light volume. Thus far, 543,310 shares of Reynolds American exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $57.39-$57.91 after having opened the day at $57.39 as compared to the previous trading day's close of $57.49.

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Reynolds American Inc., through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company operates through RJR Tobacco, American Snuff, and Santa Fe segments. Reynolds American has a market cap of $30.6 billion and is part of the tobacco industry. Shares are up 15.0% year-to-date as of the close of trading on Friday. Currently there are 3 analysts who rate Reynolds American a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Reynolds American as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, good cash flow from operations and expanding profit margins. 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 Reynolds American 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.

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