5 Stocks Pushing The Industrial Goods Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 9 points (-0.1%) at 12,786 as of Tuesday, Nov. 20, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,471 issues advancing vs. 1,424 declining with 128 unchanged.

The Industrial Goods sector currently sits up 0.5% versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Parker Hannifin Corporation ( PH), down 1.9%, Nidec Corporation ( NJ), down 1.7% and General Dynamics ( GD), down 0.7%. Top gainers within the sector include Masco Corporation ( MAS), up 4.3%, CNH Global ( CNH), up 2.5%, Toll Brothers ( TOL), up 2.4%, Mohawk Industries ( MHK), up 1.9% and Eaton ( ETN), up 0.9%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Joy Global ( JOY) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Joy Global is down $0.75 (-1.3%) to $56.32 on average volume Thus far, 1.2 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $55.76-$57.67 after having opened the day at $57.29 as compared to the previous trading day's close of $57.07.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $5.8 billion and is part of the industrial industry. The company has a P/E ratio of 7.8, below the S&P 500 P/E ratio of 17.7. Shares are down 26.8% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Joy Global a buy, 2 analysts rate it a sell, and 5 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 robust revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Joy Global Ratings Report now.

4. As of noon trading, Emerson Electric ( EMR) is down $0.42 (-0.9%) to $48.53 on average volume Thus far, 2.0 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $47.74-$48.62 after having opened the day at $48.29 as compared to the previous trading day's close of $48.95.

Emerson Electric Co. operates as a diversified technology company worldwide. It engages in designing and supplying products and technology, and delivering engineering services and solutions to industrial, commercial, and consumer markets. Emerson Electric has a market cap of $35.0 billion and is part of the industrial industry. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Emerson Electric Ratings Report now.

3. As of noon trading, Danaher Corporation ( DHR) is down $0.48 (-0.9%) to $52.42 on light volume Thus far, 1.2 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $52.20-$52.64 after having opened the day at $52.59 as compared to the previous trading day's close of $52.90.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services primarily in North America, Europe, and Asia/Australia. Danaher Corporation has a market cap of $36.0 billion and is part of the industrial industry. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are up 10.5% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Danaher Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Danaher Corporation Ratings Report now.

2. As of noon trading, Deere ( DE) is down $0.67 (-0.8%) to $85.58 on average volume Thus far, 1.8 million shares of Deere exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $85.26-$86.49 after having opened the day at $86.23 as compared to the previous trading day's close of $86.25.

Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $33.4 billion and is part of the industrial industry. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are up 11.5% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Deere a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Deere Ratings Report now.

1. As of noon trading, General Electric ( GE) is down $0.11 (-0.5%) to $20.55 on light volume Thus far, 10.1 million shares of General Electric exchanged hands as compared to its average daily volume of 43.7 million shares. The stock has ranged in price between $20.46-$20.69 after having opened the day at $20.67 as compared to the previous trading day's close of $20.66.

General Electric Company operates as a technology and financial services company worldwide. General Electric has a market cap of $211.3 billion and is part of the industrial industry. The company has a P/E ratio of 15.0, below the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate General Electric a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, solid stock price performance, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full General Electric Ratings Report now.

If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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