3 Stocks Underperforming Today In The Industrial Industry

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 34 points (-0.2%) at 15,991 as of Tuesday, Dec. 10, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,637 declining with 176 unchanged.

The Industrial industry currently sits down 0.4% versus the S&P 500, which is down 0.2%.

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

3. ABB ( ABB) is one of the companies pushing the Industrial industry lower today. As of noon trading, ABB is down $0.20 (-0.8%) to $25.16 on light volume. Thus far, 398,469 shares of ABB exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $25.12-$25.32 after having opened the day at $25.28 as compared to the previous trading day's close of $25.36.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $58.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7. Shares are up 22.0% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate ABB a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable 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 ABB Ratings Report now.

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