3 Stocks Pushing The Industrial Industry Higher
TheStreet Ratings group would like to highlight 3 stocks pushing the industrial industry higher today, Nov. 15, 2012.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 61 points (-0.5%) at 12,509 as of Thursday, Nov. 15, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 887 issues advancing vs. 2,072 declining with 104 unchanged. The Industrial industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Makita ( MKTAY), up 4.2%, Kubota Corporation ( KUB), up 1.9% and Deere ( DE), up 0.8%. On the negative front, top decliners within the industry include OSI Systems ( OSIS), down 21.1%, and Mohawk Industries ( MHK), down 2.3%. TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today: 3. CNH Global ( CNH) is one of the companies pushing the Industrial industry higher today. As of noon trading, CNH Global is up $0.30 (0.7%) to $43.32 on light volume Thus far, 97,611 shares of CNH Global exchanged hands as compared to its average daily volume of 299,200 shares. The stock has ranged in price between $42.79-$43.78 after having opened the day at $42.79 as compared to the previous trading day's close of $43.02. CNH Global N.V. manufactures, markets, and distributes a line of agricultural and construction equipment and parts worldwide. It operates in three segments: Agricultural Equipment, Construction Equipment, and Financial Services. CNH Global has a market cap of $10.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 22.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate CNH Global a buy, no analysts rate it a sell, and 4 rate it a hold. TheStreet Ratings rates CNH Global as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full CNH Global Ratings Report now.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.