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.

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