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 modelOne out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 67 points (0.5%) at 13,019 as of Wednesday, Dec. 5, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,464 issues advancing vs. 1,407 declining with 149 unchanged.The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Toll Brothers (TOL), down 3.1%, NVR (NVR), down 2.7%, Weyerhaeuser (WY), down 2.5%, Masco Corporation (MAS), down 2.0% and DR Horton (DHI), down 1.7%. Top gainers within the sector include Waste Management (WM), up 2.2%, Joy Global (JOY), up 2.4% and Nidec Corporation (NJ), up 1.5%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. Mohawk Industries (MHK) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Mohawk Industries is down $1.92 (-2.2%) to $83.95 on light volume Thus far, 119,684 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 500,000 shares. The stock has ranged in price between $83.35-$86.24 after having opened the day at $86.00 as compared to the previous trading day's close of $85.87. Mohawk Industries, Inc., together with its subsidiaries, engages in the production and sale of floor covering products for residential and commercial markets for remodeling and new construction primarily in the United States and Europe. Mohawk Industries has a market cap of $5.9 billion and is part of the industrial industry. The company has a P/E ratio of 26.2, above the S&P 500 P/E ratio of 17.7. Shares are up 43.4% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Mohawk Industries a buy, 1 analyst rates it a sell, and 4 rate it a hold.TheStreet Ratings rates Mohawk Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Mohawk Industries Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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