3 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 up today with the Dow Jones Industrial Average (^DJI) trading up 62 points (0.4%) at 14,518 as of Thursday, March 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,087 declining with 143 unchanged.

The Industrial Goods sector currently sits up 0.7% versus the S&P 500, which is up 0.5%. A company within the sector that fell today was Nidec Corporation (NJ), up 1.5%. Top gainers within the sector include PulteGroup (PHM), up 3.5%, Kubota Corporation (KUB), up 1.6%, Weyerhaeuser (WY), up 1.3%, Pentair (PNR), up 1.2% and Koninklijke Philips Electronics (PHG), up 1.2%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. CNH Global (CNH) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, CNH Global is down $0.31 (-0.7%) to $43.65 on heavy volume Thus far, 421,739 shares of CNH Global exchanged hands as compared to its average daily volume of 494,600 shares. The stock has ranged in price between $43.34-$43.83 after having opened the day at $43.72 as compared to the previous trading day's close of $43.96.

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 industry. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates 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, attractive valuation levels, good cash flow from operations, increase in net income and increase in stock price during the past year. 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.

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