3 Stocks Dragging In The Industrial Industry

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 64 points (0.4%) at 14,866 as of Thursday, April 11, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,100 declining with 140 unchanged.

The Industrial industry currently sits up 0.3% versus the S&P 500, which is up 0.4%.

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

3. Ametek ( AME) is one of the companies pushing the Industrial industry lower today. As of noon trading, Ametek is down $0.41 (-1.0%) to $41.33 on average volume Thus far, 405,134 shares of Ametek exchanged hands as compared to its average daily volume of 855,000 shares. The stock has ranged in price between $41.29-$41.68 after having opened the day at $41.64 as compared to the previous trading day's close of $41.74.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. Ametek has a market cap of $9.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7. Shares are up 11.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. 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 Ametek Ratings Report now.

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2. As of noon trading, Joy Global ( JOY) is down $2.29 (-4.0%) to $54.95 on heavy volume Thus far, 4.1 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $54.92-$57.22 after having opened the day at $57.21 as compared to the previous trading day's close of $57.24.

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. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $6.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 43.7, above the S&P 500 P/E ratio of 17.7. Shares are down 10.3% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Joy Global 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 notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Joy Global Ratings Report now.

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1. As of noon trading, Caterpillar ( CAT) is down $0.94 (-1.1%) to $85.63 on average volume Thus far, 3.9 million shares of Caterpillar exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $85.30-$87.00 after having opened the day at $86.82 as compared to the previous trading day's close of $86.57.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $56.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are down 3.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations 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 Caterpillar Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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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