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 modelAll three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 17 points (0.1%) at 13,052 as of Thursday, Dec. 6, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,459 issues advancing vs. 1,413 declining with 145 unchanged.The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Kubota Corporation (KUB), down 2.0%, Embraer S.A (ERJ), down 1.4%, Masco Corporation (MAS), down 1.3%, Cummins (CMI), down 1.2% and General Dynamics (GD), down 1.2%. Top gainers within the sector include Heico Corporation (HEI.A), up 8.1%, Nidec Corporation (NJ), up 2.6%, CAE (CAE), up 2.1%, Toll Brothers (TOL), up 1.5% and Weyerhaeuser (WY), up 1.4%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. Quanta Services (PWR) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Quanta Services is down $0.24 (-0.9%) to $25.68 on light volume Thus far, 420,997 shares of Quanta Services exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $25.52-$25.95 after having opened the day at $25.91 as compared to the previous trading day's close of $25.93. Quanta Services, Inc. provides specialty contracting services primarily in North America. Quanta Services has a market cap of $5.8 billion and is part of the materials & construction industry. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are up 21.2% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Quanta Services a buy, no analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Quanta Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Quanta Services 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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