The

industrial goods

sector closed the day down 3.1%.

Ener1 Inc

(

HEV

),

China Recycling Energy Corporation

(

CREG

),

Asia Pacific Wire & Cable Corp

(

APWC

), and

Asia Pacific Wire & Cable Corp

(

AWRCF

) were all decliners today within the industrial goods sector with

Magnetek

(

MAG

) being today's featured industrial goods loser. Magnetek fell 2 cents (-2.6%) to 92 cents on light volume. Throughout the day, 33,599 shares of Magnetek exchanged hands as compared to its average daily volume of 64,300 shares.

Magnetek, Inc. provides digital power control systems North America. Its systems control motion and power primarily in material handling, elevator, and energy delivery applications. Magnetek has a market cap of $29.8 million and is part of the

industrial

industry. The company has a P/E ratio of 6.3, below the average industrial industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 29.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Magnetek as a

sell

. Among the areas we feel are negative, one of the most important has been poor profit margins.

On the positive front,

China Infrastructure Investment Corporation

(

CIIC

),

Taylor Devices Inc

(

TAYD

),

Euro Tech Holdings Company

(

CLWT

), and

NF Energy Saving

(

NFEC

) were all gainers within the industrial goods sector with

L.S. Starrett Company

(

SCX

) being today's industrial goods sector Leader Spotlight stock.

For investors not wanting singular stock exposure, 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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