3 Stocks Dragging 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 49 points (0.3%) at 16,344 as of Tuesday, Dec. 24, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,931 issues advancing vs. 985 declining with 162 unchanged.

The Industrial Goods sector currently sits up 0.7% versus the S&P 500, which is up 0.2%. A company within the sector that fell today was Nidec Corporation ( NJ), up 1.5%. Top gainers within the sector include Northrop Grumman ( NOC), up 1.3%, Tenaris ( TS), up 1.3%, Illinois Tool Works ( ITW), up 1.0%, Parker Hannifin Corporation ( PH), up 0.8% and Eaton Corporation ( ETN), up 0.8%.

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

3. Textron ( TXT) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Textron is down $0.52 (-1.4%) to $35.86 on light volume. Thus far, 788,932 shares of Textron exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $35.86-$36.65 after having opened the day at $36.02 as compared to the previous trading day's close of $36.38.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. Textron has a market cap of $10.5 billion and is part of the aerospace/defense industry. Shares are up 46.8% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Textron a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels 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 Textron 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 $6.07 (-4.6%) to $125.20 on heavy volume. Thus far, 900,859 shares of Stratasys exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $124.22-$131.21 after having opened the day at $131.00 as compared to the previous trading day's close of $131.27.

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 $6.1 billion and is part of the computer hardware industry. Shares are up 57.0% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Stratasys a buy, 1 analyst rates it a sell, and 3 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, 3D Systems Corporation ( DDD) is down $4.31 (-4.7%) to $86.63 on heavy volume. Thus far, 4.4 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $85.62-$89.40 after having opened the day at $89.16 as compared to the previous trading day's close of $90.94.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $8.9 billion and is part of the computer hardware industry. Shares are up 155.7% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate 3D Systems Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation as a buy. 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, growth in earnings per share, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full 3D Systems Corporation 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 5 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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