Consumer Goods Stocks On The Rise With Help From 5 Stocks
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 54 points (0.4%) at 15,287 as of Friday, May 17, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 899 declining with 140 unchanged.
The Consumer Goods sector currently sits up 0.6% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Ford Motor (F), up 2.9%, Honda Motor (HMC), up 1.8%, Toyota Motor (TM), up 1.6% and Canon (CAJ), up 0.8%. On the negative front, top decliners within the sector include Coca-Cola Hellenic Bottling Company S.A (OCCH), down 3.74, Companhia de Bebidas das Americas Ambev (ABV.C), down 1.72, Coca-Cola (KO), down 1.04 and Colgate-Palmolive Company (CL), down 0.66.
TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:
5. PACCAR (PCAR) is one of the companies pushing the Consumer Goods sector higher today. As of noon trading, PACCAR is up $1.44 (2.73) to $54.21 on heavy volume Thus far, 1.6 million shares of PACCAR exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $53.10-$54.28 after having opened the day at $53.24 as compared to the previous trading day's close of $52.77.
PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. PACCAR has a market cap of $18.8 billion and is part of the automotive industry. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 17.7% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate PACCAR a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates PACCAR as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full PACCAR Ratings Report now.