4 Stocks Pushing The Industrial Goods Sector Downward

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 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include AGCO ( AGCO), down 4.1%, Rayonier ( RYN), down 3.3%, Tenaris ( TS), down 3.1%, Weyerhaeuser ( WY), down 1.9% and Siemens ( SI), down 0.9%. Top gainers within the sector include Pentair ( PNR), up 2.0%, Colfax Corporation ( CFX), up 1.6% and Precision Castparts ( PCP), up 0.7%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. Royal Philips ( PHG) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Royal Philips is down $0.21 (-0.6%) to $35.07 on average volume. Thus far, 210,096 shares of Royal Philips exchanged hands as compared to its average daily volume of 522,900 shares. The stock has ranged in price between $34.77-$35.08 after having opened the day at $34.92 as compared to the previous trading day's close of $35.28.

Koninklijke Philips N.V. engages in the healthcare, lighting, and consumer lifestyle businesses worldwide. Royal Philips has a market cap of $31.0 billion and is part of the consumer durables industry. The company has a P/E ratio of 91.7, above the S&P 500 P/E ratio of 17.7. Shares are up 27.8% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Royal Philips a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Royal Philips 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Royal Philips 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.

3. As of noon trading, Republic Services ( RSG) is down $0.58 (-1.7%) to $33.30 on light volume. Thus far, 464,102 shares of Republic Services exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $33.25-$33.84 after having opened the day at $33.82 as compared to the previous trading day's close of $33.88.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, and recycling and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. Republic Services has a market cap of $12.2 billion and is part of the materials & construction industry. The company has a P/E ratio of 25.7, above the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Republic Services a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Republic Services 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, Waste Management ( WM) is down $0.30 (-0.7%) to $43.43 on light volume. Thus far, 538,910 shares of Waste Management exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $43.35-$43.72 after having opened the day at $43.72 as compared to the previous trading day's close of $43.73.

Waste Management, Inc. provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. Waste Management has a market cap of $20.5 billion and is part of the materials & construction industry. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are up 29.3% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Waste Management a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Waste Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Waste Management 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, Mohawk Industries ( MHK) is down $1.89 (-1.3%) to $138.97 on light volume. Thus far, 243,318 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 829,500 shares. The stock has ranged in price between $138.26-$140.89 after having opened the day at $140.67 as compared to the previous trading day's close of $140.86.

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 $10.1 billion and is part of the industrial industry. The company has a P/E ratio of 31.0, above the S&P 500 P/E ratio of 17.7. Shares are up 54.4% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 2 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 robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Mohawk Industries 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).

null

More from Markets

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens

Dow Plunges on Trade War Worries but Walmart and Verizon Finish Positively

Dow Plunges on Trade War Worries but Walmart and Verizon Finish Positively

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

FANG Stocks Get Swept Up in Broader Market Selloff

FANG Stocks Get Swept Up in Broader Market Selloff

Snap Shares Plunge After Cowen Cuts Price Target

Snap Shares Plunge After Cowen Cuts Price Target