3 Stocks Pushing The Industrial Goods Sector Lower
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 123 points (0.7%) at 18,349 as of Tuesday, July 12, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,303 issues advancing vs. 681 declining with 114 unchanged.
The Industrial Goods sector currently sits up 1.6% versus the S&P 500, which is up 0.8%. Top gainers within the sector include
(
), up 3.6%,
(
), up 2.7%,
(
), up 2.5%,
(
), up 2.5% and
(
), up 2.4%.
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, Fastenal is down $1.34 (-3.0%) to $44.02 on heavy volume. Thus far, 5.5 million shares of Fastenal exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $43.17-$44.70 after having opened the day at $43.54 as compared to the previous trading day's close of $45.36.
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Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. Fastenal has a market cap of $13.1 billion and is part of the wholesale industry. Shares are up 11.1% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Fastenal a buy, 2 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Fastenal
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, growth in earnings per share, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
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2. As of noon trading,
(
) is down $1.15 (-0.5%) to $220.81 on average volume. Thus far, 393,999 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 882,600 shares. The stock has ranged in price between $220.55-$222.66 after having opened the day at $222.41 as compared to the previous trading day's close of $221.96.
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Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $40.1 billion and is part of the aerospace/defense industry. Shares are up 17.6% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate Northrop Grumman a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Northrop Grumman
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full
Northrop Grumman Ratings Report
now.
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1. As of noon trading,
(
) is down $1.20 (-0.9%) to $130.84 on average volume. Thus far, 2.3 million shares of Boeing exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $130.33-$133.00 after having opened the day at $132.80 as compared to the previous trading day's close of $132.04.
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.
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 $82.9 billion and is part of the aerospace/defense industry. Shares are down 8.7% year-to-date as of the close of trading on Monday. 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
. 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
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
(
).