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 modelThe Dow Jones Industrial Average (^DJI) steady at 13,953 as of Wednesday, Jan. 30, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,129 issues advancing vs. 1,699 declining with 163 unchanged.The Industrial Goods sector currently sits down 0.4% versus the S&P 500, which is down 0.0%. On the negative front, top decliners within the sector include DR Horton (DHI), down 2.1%, Weyerhaeuser (WY), down 2.4%, Lennar Corporation (LEN), down 1.8%, Quanta Services (PWR), down 1.6% and Plum Creek Timber (PCL), down 1.6%. Top gainers within the sector include Koninklijke Philips Electronics (PHG), up 3.1%, Makita (MKTAY), up 2.8%, Nidec Corporation (NJ), up 2.3% and James Hardie Industries (JHX), up 2.2%.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 $0.56 (-4.4%) to $12.12 on heavy volume Thus far, 4.5 million shares of McDermott International exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $12.07-$12.67 after having opened the day at $12.62 as compared to the previous trading day's close of $12.68.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 $3.0 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 Tuesday. 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, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full McDermott International 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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