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5 Stocks Pushing The Industrial Goods Sector Lower

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 up today with the Dow Jones Industrial Average (^DJI) trading up 61 points (0.4%) at 15,361 as of Friday, Sept. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,640 issues advancing vs. 1,247 declining with 140 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Embraer S.A (ERJ), down 3.0%, Lennar Corporation (LEN), down 2.9%, DR Horton (DHI), down 2.2%, Chicago Bridge & Iron Company (CBI), down 1.6% and Toll Brothers (TOL), down 1.4%. Top gainers within the sector include Boeing (BA), up 0.8%, Cemex S.A.B. de C.V (CX), up 0.6% and Nidec Corporation (NJ), up 0.6%.

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

5. Middleby Corporation (MIDD) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Middleby Corporation is down $3.67 (-1.8%) to $203.40 on average volume. Thus far, 49,998 shares of Middleby Corporation exchanged hands as compared to its average daily volume of 90,800 shares. The stock has ranged in price between $202.64-$209.59 after having opened the day at $208.14 as compared to the previous trading day's close of $207.07.

The Middleby Corporation designs, manufactures, markets, distributes, and services commercial foodservice and food processing equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Middleby Corporation has a market cap of $4.0 billion and is part of the industrial industry. Shares are up 64.9% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Middleby Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Middleby Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Middleby Corporation 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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