Mohawk Industries Inc. (MHK): Today's Featured Industrial Goods Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Mohawk Industries ( MHK) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 1.4%. By the end of trading, Mohawk Industries fell $2.58 (-2.1%) to $117.49 on average volume. Throughout the day, 700,556 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 775,500 shares. The stock ranged in price between $117.22-$120.71 after having opened the day at $120.05 as compared to the previous trading day's close of $120.07. Other companies within the Industrial Goods sector that declined today were: Ecotality ( ECTY), down 30.8%, India Globalization Capital ( IGC), down 11.1%, CVD Equipment Corporation ( CVV), down 10.1% and Euro Tech Holdings Company ( CLWT), down 7.5%.

Mohawk Industries, Inc., together with its subsidiaries, produces floor covering products for residential and commercial applications in the United States and for residential applications in Europe. The company operates through three segments: Mohawk, Dal-Tile, and Unilin. Mohawk Industries has a market cap of $8.6 billion and is part of the industrial industry. Shares are up 32.7% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Mohawk Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Homex Development ( HXM), up 15.2%, Global-Tech Advanced Innovations ( GAI), up 11.3%, P & F Industries ( PFIN), up 5.8% and TAT Technologies ( TATT), up 5.0%.

For investors not wanting singular stock exposure, 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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