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5 Stocks Pulling The Consumer Goods Sector Downward

Tickers in this article: ABV LULU GM KO TSLA

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 down today with the Dow Jones Industrial Average (^DJI) trading down 11 points (-0.1%) at 15,227 as of Tuesday, June 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 560 issues advancing vs. 2,425 declining with 97 unchanged.

The Consumer Goods sector currently sits down 0.32 versus the S&P 500, which is down 0.37. On the negative front, top decliners within the sector include Canon (CAJ), down 2.05, Companhia de Bebidas das Americas Ambev (ABV.C), down 1.37 and Honda Motor (HMC), down 0.51. A company within the sector that increased today was Apple (AAPL), up 0.66.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Companhia de Bebidas das Americas Ambev (ABV) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Companhia de Bebidas das Americas Ambev is down $0.31 (-0.8%) to $36.23 on average volume Thus far, 1.8 million shares of Companhia de Bebidas das Americas Ambev exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $35.50-$36.33 after having opened the day at $35.97 as compared to the previous trading day's close of $36.54.

Companhia de Bebidas das Americas Ambev produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. It provides carbonated soft drinks, bottled water, isotonic beverages, energy drinks, and ready-to-drink teas. Companhia de Bebidas das Americas Ambev has a market cap of $115.9 billion and is part of the food & beverage industry. The company has a P/E ratio of 103.6, above the S&P 500 P/E ratio of 17.7. Shares are down 11.9% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Companhia de Bebidas das Americas Ambev a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Companhia de Bebidas das Americas Ambev as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Companhia de Bebidas das Americas Ambev Ratings Report now.

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