5 Stocks Pushing The Consumer Goods Sector Downward
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 3 points (0.0%) at 14,977 as of Monday, May 6, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,675 issues advancing vs. 1,221 declining with 157 unchanged.
The Consumer Goods sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Coca-Cola Femsa S.A.B. de C.V (KOF), down 2.73, Kimberly-Clark Corporation (KMB), down 1.18, Altria Group (MO), down 1.14, Mondelez International (MDLZ), down 1.20 and Colgate-Palmolive Company (CL), down 0.88.
TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:
5. Tyson Foods (TSN) is one of the companies pushing the Consumer Goods sector lower today. As of noon trading, Tyson Foods is down $1.07 (-4.3%) to $23.86 on heavy volume Thus far, 7.2 million shares of Tyson Foods exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $23.39-$24.15 after having opened the day at $23.93 as compared to the previous trading day's close of $24.93.
Tyson Foods, Inc., together with its subsidiaries, engages in the production, distribution, and marketing of chicken, beef, pork, prepared foods, and related allied products worldwide. It operates in four segments: Chicken, Beef, Pork, and Prepared Foods. Tyson Foods has a market cap of $7.0 billion and is part of the food & beverage industry. The company has a P/E ratio of 15.0, below the S&P 500 P/E ratio of 17.7. Shares are up 28.5% year to date as of the close of trading on Friday.
TheStreet Ratings rates Tyson Foods as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Tyson Foods Ratings Report now.
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