3 Stocks Pulling The Industrial Goods Sector Downward

TheStreet highlights 3 stocks pushing the industrial goods sector lower today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 134 points (-0.7%) at 17,815 as of Tuesday, July 5, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 682 issues advancing vs. 2,296 declining with 110 unchanged.

The Industrial Goods sector currently sits down 1.7% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the sector include

CNH Industrial

(

CNHI

), down 6.3%,

Tenaris

(

TS

), down 4.8%,

Cemex SAB de CV

(

CX

), down 4.6%,

Royal Philips

(

PHG

), down 3.3% and

ABB

(

ABB

), down 2.9%. A company within the sector that increased today was

Danaher

(

DHR

), up 2.8%.

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

3.

United Technologies

(

UTX

) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, United Technologies is down $2.30 (-2.2%) to $100.43 on average volume. Thus far, 2.0 million shares of United Technologies exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $100.38-$102.34 after having opened the day at $102.10 as compared to the previous trading day's close of $102.73.

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United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. United Technologies has a market cap of $86.0 billion and is part of the aerospace/defense industry. Shares are up 6.9% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate United Technologies a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

United Technologies

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

United Technologies Ratings Report

now.

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2. As of noon trading,

Caterpillar

(

CAT

) is down $2.01 (-2.6%) to $74.44 on average volume. Thus far, 2.0 million shares of Caterpillar exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $74.26-$75.95 after having opened the day at $75.70 as compared to the previous trading day's close of $76.45.

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Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $44.6 billion and is part of the industrial industry. Shares are up 12.5% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Caterpillar a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates

Caterpillar

as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full

Caterpillar Ratings Report

now.

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1. As of noon trading,

Boeing

(

BA

) is down $2.50 (-1.9%) to $127.19 on light volume. Thus far, 1.6 million shares of Boeing exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $127.10-$129.00 after having opened the day at $128.42 as compared to the previous trading day's close of $129.69.

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $82.6 billion and is part of the aerospace/defense industry. Shares are down 10.3% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Boeing a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Boeing

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Boeing Ratings Report

now.

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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

Industrial Select Sector SPDR

(

XLI

) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30

(

DOG

).

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