JOY, PH And DE, Pushing 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 44 points (-0.2%) at 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include

Nortek

(

NTK

), down 8.5%,

Embraer S.A

(

ERJ

), down 3.1%,

Triumph Group

(

TGI

), down 3.0%,

Clean Harbors

(

CLH

), down 2.5% and

Tenaris

(

TS

), down 2.4%. Top gainers within the sector include

3D Systems

(

DDD

), up 10.0%,

Stratasys

(

SSYS

), up 5.4%,

MDU Resources Group

(

MDU

), up 1.9%,

Eaton

(

ETN

), up 0.9% and

Waste Management

(

WM

), up 0.5%.

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

3.

Joy Global

(

JOY

) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Joy Global is down $0.93 (-5.1%) to $17.22 on light volume. Thus far, 1.5 million shares of Joy Global exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $17.13-$18.31 after having opened the day at $18.19 as compared to the previous trading day's close of $18.15.

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Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $1.8 billion and is part of the industrial industry. Shares are down 61.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Joy Global a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates

Joy Global

as a

hold

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and poor profit margins. Get the full

Joy Global Ratings Report

now.

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2. As of noon trading,

Parker Hannifin

(

PH

) is down $0.58 (-0.5%) to $106.55 on light volume. Thus far, 508,619 shares of Parker Hannifin exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $106.30-$108.00 after having opened the day at $107.30 as compared to the previous trading day's close of $107.13.

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Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. Parker Hannifin has a market cap of $14.5 billion and is part of the industrial industry. Shares are down 16.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Parker Hannifin a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates

Parker Hannifin

as a

hold

. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full

Parker Hannifin Ratings Report

now.

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1. As of noon trading,

Deere

(

DE

) is down $1.04 (-1.3%) to $78.50 on light volume. Thus far, 748,599 shares of Deere exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $78.46-$79.73 after having opened the day at $79.55 as compared to the previous trading day's close of $79.54.

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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 $26.3 billion and is part of the industrial industry. Shares are down 10.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Deere a buy, 5 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Deere

as a

hold

. 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

Deere Ratings Report

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

Industrial Select Sector SPDR

(

XLI

) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30

(

DOG

).

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