3 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 lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include DR Horton ( DHI), down 1.5%, Masco Corporation ( MAS), down 1.0% and Fastenal Company ( FAST), down 0.7%. Top gainers within the sector include Foster Wheeler ( FWLT), up 2.3%, ABB ( ABB), up 1.2%, Vulcan Materials Company ( VMC), up 0.8%, Kubota Corporation ( KUB), up 0.9% and CNH Global ( CNH), up 0.8%.

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

3. Esterline Technologies ( ESL) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Esterline Technologies is down $2.79 (-4.6%) to $57.57 on heavy volume Thus far, 211,928 shares of Esterline Technologies exchanged hands as compared to its average daily volume of 230,500 shares. The stock has ranged in price between $57.40-$59.06 after having opened the day at $58.87 as compared to the previous trading day's close of $60.36.

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems for aerospace and defense customers primarily in the United States and internationally. Esterline Technologies has a market cap of $1.9 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 27.2, above the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Esterline Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Esterline Technologies as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Esterline Technologies Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

2. As of noon trading, Stanley Black & Decker ( SWK) is down $0.62 (-0.9%) to $70.16 on light volume Thus far, 341,214 shares of Stanley Black & Decker exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $70.09-$70.90 after having opened the day at $70.80 as compared to the previous trading day's close of $70.78.

Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems primarily in the United States, Europe, Latin America, and Canada. Stanley Black & Decker has a market cap of $12.1 billion and is part of the industrial industry. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 4.7% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Stanley Black & Decker a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Stanley Black & Decker 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Stanley Black & Decker Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

1. As of noon trading, Joy Global ( JOY) is down $0.90 (-1.6%) to $55.28 on light volume Thus far, 810,634 shares of Joy Global exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $55.20-$56.93 after having opened the day at $56.29 as compared to the previous trading day's close of $56.18.

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 $6.0 billion and is part of the industrial industry. The company has a P/E ratio of 8.1, below the S&P 500 P/E ratio of 17.7. Shares are down 24.0% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Joy Global a buy, 1 analyst rates 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.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

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.

null

More from Markets

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War