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5 Stocks Dragging In The Industrial Goods Sector

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Rockwell Collins ( COL), down 1.8%, Fastenal Company ( FAST), down 1.2%, Nidec Corporation ( NJ), down 0.8% and Tenaris ( TS), down 0.7%. Top gainers within the sector include Stratasys ( SSYS), up 5.3%, James Hardie Industries ( JHX), up 3.8%, Chart Industries ( GTLS), up 3.5%, Stanley Black & Decker ( SWK), up 2.7% and Toll Brothers ( TOL), up 2.2%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Raytheon Company ( RTN) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Raytheon Company is down $0.95 (-1.2%) to $76.03 on average volume. Thus far, 919,907 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $76.01-$76.95 after having opened the day at $76.82 as compared to the previous trading day's close of $76.98.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $24.8 billion and is part of the aerospace/defense industry. Shares are up 33.7% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Raytheon Company Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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