3 Industrial Goods Stocks Dragging The Sector Down
One out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading down 7 points (0.0%) at 17,806 as of Friday, Nov. 27, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,737 issues advancing vs. 1,177 declining with 175 unchanged.
The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include
(
), down 19.4%, and
(
), down 2.3%. Top gainers within the sector include
(
), up 4.0%,
(
), up 1.5%,
(
), up 1.4%,
(
), up 0.7% and
(
), up 0.7%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Colfax is down $0.69 (-2.5%) to $26.51 on light volume. Thus far, 175,237 shares of Colfax exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $26.44-$27.27 after having opened the day at $27.11 as compared to the previous trading day's close of $27.20.
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Colfax Corporation, an industrial manufacturing and engineering company, provides gas-and fluid-handling, and fabrication technology products and services to commercial and governmental customers worldwide. Colfax has a market cap of $3.4 billion and is part of the industrial industry. Shares are down 47.3% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Colfax a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Colfax
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full
now.
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2. As of noon trading,
(
) is down $1.90 (-1.6%) to $120.51 on average volume. Thus far, 390,552 shares of Stericycle exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $119.91-$122.07 after having opened the day at $121.53 as compared to the previous trading day's close of $122.41.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Stericycle, Inc., together with its subsidiaries, provides regulated and compliance solutions to the healthcare and commercial businesses. The company collects and processes specialized waste for disposal services. Stericycle has a market cap of $10.4 billion and is part of the materials & construction industry. Shares are down 6.6% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Stericycle a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Stericycle
as a
. 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 a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is down $0.83 (-1.0%) to $79.17 on light volume. Thus far, 1.2 million shares of Deere exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $78.85-$80.17 after having opened the day at $80.10 as compared to the previous trading day's close of $80.00.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $26.3 billion and is part of the industrial industry. Shares are down 9.6% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Deere a buy, 5 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Deere
as a
. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).