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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Embraer S.A ( ERJ), down 1.9%, Nidec Corporation ( NJ), down 1.1%, Kubota Corporation ( KUB), down 0.8%, Weyerhaeuser ( WY), down 0.7% and Raytheon Company ( RTN), down 0.6%.

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

5. Northrop Grumman ( NOC) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Northrop Grumman is down $0.38 (-0.6%) to $67.77 on light volume Thus far, 500,149 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $67.63-$68.36 after having opened the day at $68.21 as compared to the previous trading day's close of $68.15.

Northrop Grumman Corporation provides products, services, and solutions in aerospace, electronics, information systems, and technical services worldwide. Northrop Grumman has a market cap of $16.7 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 8.8, below the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Northrop Grumman a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Northrop Grumman Ratings Report now.

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4. As of noon trading, General Dynamics ( GD) is down $0.50 (-0.7%) to $68.40 on light volume Thus far, 392,018 shares of General Dynamics exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $68.37-$68.99 after having opened the day at $68.90 as compared to the previous trading day's close of $68.90.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $24.4 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate General Dynamics a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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 General Dynamics Ratings Report now.

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3. As of noon trading, Lockheed Martin Corporation ( LMT) is down $1.59 (-1.7%) to $90.22 on average volume Thus far, 894,038 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $89.93-$91.66 after having opened the day at $91.51 as compared to the previous trading day's close of $91.81.

Lockheed Martin Corporation engages in the research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products in the United States and internationally. Lockheed Martin Corporation has a market cap of $29.8 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are up 13.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Lockheed Martin Corporation a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. 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 Lockheed Martin Corporation Ratings Report now.

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2. As of noon trading, Deere ( DE) is down $0.54 (-0.6%) to $85.71 on light volume Thus far, 835,903 shares of Deere exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $85.50-$86.20 after having opened the day at $86.05 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 $33.5 billion and is part of the industrial industry. The company has a P/E ratio of 11.2, 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 Wednesday. Currently there are 9 analysts that rate Deere a buy, 1 analyst rates 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, increase in stock price during the past year, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Deere Ratings Report now.

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1. As of noon trading, Boeing ( BA) is down $0.81 (-1.1%) to $74.66 on average volume Thus far, 1.8 million shares of Boeing exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $74.45-$75.49 after having opened the day at $75.23 as compared to the previous trading day's close of $75.47.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $57.2 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate Boeing a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Boeing Ratings Report now.

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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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