4 Stocks Pushing The Industrial Goods Sector Downward
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.All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include AGCO (AGCO), down 4.1%, Rayonier (RYN), down 3.3%, Tenaris (TS), down 3.1%, Weyerhaeuser (WY), down 1.9% and Siemens (SI), down 0.9%. Top gainers within the sector include Pentair (PNR), up 2.0%, Colfax Corporation (CFX), up 1.6% and Precision Castparts (PCP), up 0.7%.TheStreet would like to highlight 4 stocks pushing the sector lower today:4. Royal Philips (PHG) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Royal Philips is down $0.21 (-0.6%) to $35.07 on average volume. Thus far, 210,096 shares of Royal Philips exchanged hands as compared to its average daily volume of 522,900 shares. The stock has ranged in price between $34.77-$35.08 after having opened the day at $34.92 as compared to the previous trading day's close of $35.28. Koninklijke Philips N.V. engages in the healthcare, lighting, and consumer lifestyle businesses worldwide. Royal Philips has a market cap of $31.0 billion and is part of the consumer durables industry. The company has a P/E ratio of 91.7, above the S&P 500 P/E ratio of 17.7. Shares are up 27.8% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Royal Philips a buy, no analysts rate it a sell, and none rate it a hold.TheStreet Ratings rates Royal Philips as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Royal Philips 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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV