CMI, DE And CAT, 3 Industrial Stocks Pushing The Industry Lower

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

Two out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading up 1 points (0.0%) at 18,534 as of Tuesday, July 19, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,061 issues advancing vs. 1,832 declining with 165 unchanged.

The Industrial industry currently sits down 0.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include

Colfax

(

CFX

), down 2.5%,

Reliance Steel & Aluminum

(

RS

), down 2.4%,

Tenaris

(

TS

), down 2.3%,

CNH Industrial

(

CNHI

), down 2.0% and

Flowserve

(

FLS

), down 1.6%. A company within the industry that increased today was

ABB

(

ABB

), up 0.7%.

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

3.

Cummins

(

CMI

) is one of the companies pushing the Industrial industry lower today. As of noon trading, Cummins is down $1.40 (-1.2%) to $116.79 on light volume. Thus far, 574,966 shares of Cummins exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $116.79-$117.79 after having opened the day at $117.79 as compared to the previous trading day's close of $118.19.

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Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates through four segments: Engine, Distribution, Components, and Power Generation. Cummins has a market cap of $20.3 billion and is part of the industrial goods sector. Shares are up 34.3% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Cummins a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates

Cummins

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, 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

Cummins Ratings Report

now.

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2. As of noon trading,

Deere

(

DE

) is down $0.93 (-1.1%) to $82.89 on average volume. Thus far, 1.2 million shares of Deere exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $82.47-$83.18 after having opened the day at $82.82 as compared to the previous trading day's close of $83.82.

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Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $26.2 billion and is part of the industrial goods sector. Shares are up 9.9% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Deere a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Deere

as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full

Deere Ratings Report

now.

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1. As of noon trading,

Caterpillar

(

CAT

) is down $0.47 (-0.6%) to $79.35 on light volume. Thus far, 1.5 million shares of Caterpillar exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $79.15-$79.62 after having opened the day at $79.26 as compared to the previous trading day's close of $79.82.

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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 $47.1 billion and is part of the industrial goods sector. Shares are up 17.4% year-to-date as of the close of trading on Monday. 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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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial industry could consider

SPDR Dow Jones Industrial Average

(

DIA

) while those bearish on the industrial industry could consider

ProShares UltraShort Industrials

(

SIJ

).

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