3 Consumer Goods Stocks Nudging 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 104 points (0.6%) at 17,895 as of Tuesday, June 16, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,771 issues advancing vs. 1,197 declining with 176 unchanged.

The Consumer Goods sector currently sits up 0.5% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Coty ( COTY), up 19.2%, Monster Beverage ( MNST), up 3.8%, Nike ( NKE), up 1.3%, Colgate-Palmolive ( CL), up 0.8% and Altria Group ( MO), up 0.9%.

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

3. General Motors ( GM) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, General Motors is up $0.20 (0.6%) to $35.66 on light volume. Thus far, 3.0 million shares of General Motors exchanged hands as compared to its average daily volume of 15.0 million shares. The stock has ranged in price between $35.16-$35.68 after having opened the day at $35.35 as compared to the previous trading day's close of $35.46.

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General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments. General Motors has a market cap of $57.4 billion and is part of the automotive industry. Shares are up 2.3% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate General Motors a buy, no analysts rate it a sell, and 6 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 increase in net income, impressive record of earnings per share growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full General Motors Ratings Report now.

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