3 Stocks Pushing The Industrial Goods Sector Lower

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.3%) at 15,847 as of Thursday, Dec. 5, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 971 issues advancing vs. 1,916 declining with 131 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include PulteGroup ( PHM), down 1.9%, 3D Systems Corporation ( DDD), down 1.9% and Royal Philips ( PHG), down 0.9%. A company within the sector that increased today was Rockwell Automation ( ROK), up 1.0%.

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

3. Northrop Grumman ( NOC) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Northrop Grumman is down $0.76 (-0.7%) to $109.73 on light volume. Thus far, 366,865 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $109.66-$111.17 after having opened the day at $110.08 as compared to the previous trading day's close of $110.49.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $25.0 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are up 63.5% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Northrop Grumman a buy, no analysts rate it a sell, and 12 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 solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Northrop Grumman Ratings Report now.

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

2. As of noon trading, Stratasys ( SSYS) is down $2.69 (-2.2%) to $120.13 on light volume. Thus far, 259,559 shares of Stratasys exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $120.00-$123.44 after having opened the day at $122.87 as compared to the previous trading day's close of $122.82.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $6.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 211.2, above the S&P 500 P/E ratio of 17.7. Shares are up 52.8% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Stratasys a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Stratasys 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Stratasys Ratings Report now.

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

1. As of noon trading, Deere ( DE) is down $0.36 (-0.4%) to $85.02 on average volume. Thus far, 1.6 million shares of Deere exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $84.43-$85.53 after having opened the day at $85.00 as compared to the previous trading day's close of $85.38.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $31.7 billion and is part of the industrial industry. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Deere a buy, 7 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth and notable return on equity. 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 Deere Ratings Report now.

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

If you are interested in one of these 4 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).

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