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If you're interested in momentum ideas, then this may be an interesting starting point for your own research.

To construct this list we looked for consumer good stocks trading above their 20-, 50-, and 200-day moving averages. We then compared their levered free cash flow (LFCF) to their current market cap and kept those with high LFCF/Market cap ratios.

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We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Considering that these companies appear to be undervalued relative to levered free cash flow, which of these stocks do you think is more likely to continue grinding higher?

1. National Beverage Corp. (NASDAQ:FIZZ): Beverages Industry. Market cap of $647.22M. This stock is trading 1.82% above its 20-day MA, 2.9% above its 50-day MA, 10.68% above its 200-day MA. TTM levered free cash flow at 142.58M, which represents about 22.03% of the company's market cap. The stock has gained 38.89% over the last year.

2. Quiksilver Inc. (NYSE:ZQK): Textile Clothing Industry. Market cap of $744.26M. This stock is trading 0.31% above its 20-day MA, 2.64% above its 50-day MA, 3.05% above its 200-day MA. TTM levered free cash flow at 133.93M, which represents about 18.0% of the company's market cap. This is a risky stock that is significantly more volatile than the overall market (beta = 2.61). It's been a rough couple of days for the stock, losing 7.94% over the last week.

3. PH Glatfelter Co. (NYSE:GLT): Paper & Paper Products Industry. Market cap of $678.17M. This stock is trading 7.41% above its 20-day MA, 13.58% above its 50-day MA, 21.83% above its 200-day MA. TTM levered free cash flow at 105.65M, which represents about 15.58% of the company's market cap. The stock is a short squeeze candidate, with a short float at 6.68% (equivalent to 9.76 days of average volume). The stock has had a good month, gaining 12.36%.

4. Liz Claiborne Inc. (LIZ): Textile Clothing Industry. Market cap of $589.30M. This stock is trading 2.75% above its 20-day MA, 11.0% above its 50-day MA, 8.1% above its 200-day MA. TTM levered free cash flow at 67.96M, which represents about 11.53% of the company's market cap. This is a risky stock that is significantly more volatile than the overall market (beta = 2.17). The stock is a short squeeze candidate, with a short float at 25.77% (equivalent to 9.85 days of average volume).

5. Constellation Brands Inc. (NYSE:STZ): Wineries & Distillers Industry. Market cap of $4.85B. This stock is trading 1.07% above its 20-day MA, 8.34% above its 50-day MA, 15.27% above its 200-day MA. TTM levered free cash flow at 525.96M, which represents about 10.84% of the company's market cap. Might be undervalued at current levels, with a PEG ratio at 0.88, and P/FCF ratio at 9.15. The stock has gained 28.34% over the last year.

*Data sourced from Yahoo! Finance and Finviz.

Source: Momentum Ideas: 5 Rallying Consumer Goods Stocks With Significant Cash Flows