5 Stocks Pushing The Industrial Goods Sector Lower

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 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.

The Industrial Goods sector currently sits down 0.6% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include PulteGroup (PHM), down 2.6%, DR Horton (DHI), down 2.4%, General Dynamics (GD), down 2.4%, Lennar Corporation (LEN), down 1.7% and Fluor Corporation (FLR), down 1.7%. A company within the sector that increased today was Nidec Corporation (NJ), up 1.1%.

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

5. McDermott International (MDR) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, McDermott International is down $0.59 (-5.6%) to $10.03 on heavy volume Thus far, 2.3 million shares of McDermott International exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $9.90-$10.61 after having opened the day at $10.57 as compared to the previous trading day's close of $10.62.

McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company worldwide. It focuses on designing and executing complex offshore oil and gas projects. McDermott International has a market cap of $2.6 billion and is part of the materials & construction industry. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are up 17.8% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate McDermott International a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates McDermott International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full McDermott International Ratings Report now.

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