5 Stocks Pushing The Consumer Goods Sector Higher
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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 32 points (0.2%) at 14,286 as of Wednesday, March 6, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,509 issues advancing vs. 1,334 declining with 158 unchanged.
The Consumer Goods sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Sony Corporation ( SNE), up 1.8%, Honda Motor ( HMC), up 1.3%, Companhia de Bebidas das Americas Ambev ( ABV), up 1.1%, Koninklijke Philips Electronics ( PHG), up 0.7% and Coca-Cola Femsa S.A.B. de C.V ( KOF), up 0.7%. A company within the sector that fell today was Reynolds American ( RAI), up 1.4%.
TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:
5. International Paper ( IP) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, International Paper is up $0.78 (1.7%) to $46.04 on average volume Thus far, 1.6 million shares of International Paper exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $45.55-$46.15 after having opened the day at $45.58 as compared to the previous trading day's close of $45.26.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, and north Africa. International Paper has a market cap of $19.7 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 26.2, above the S&P 500 P/E ratio of 17.7. Shares are up 13.6% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate International Paper a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates International Paper as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full International Paper Ratings Report now.
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