3 Industrial Goods Stocks Dragging The Sector Down

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 5 points (0.0%) at 16,485 as of Friday, Dec. 27, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,370 issues advancing vs. 1,569 declining with 149 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 1.3%, and Lockheed Martin Corporation ( LMT), down 0.5%. Top gainers within the sector include Nidec Corporation ( NJ), up 2.6%, Textron ( TXT), up 1.6%, ABB ( ABB), up 0.8% and Royal Philips ( PHG), up 0.8%.

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

3. Cemex S.A.B. de C.V ( CX) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Cemex S.A.B. de C.V is down $0.08 (-0.7%) to $11.62 on light volume. Thus far, 2.2 million shares of Cemex S.A.B. de C.V exchanged hands as compared to its average daily volume of 13.1 million shares. The stock has ranged in price between $11.56-$11.76 after having opened the day at $11.76 as compared to the previous trading day's close of $11.70.

CEMEX, S.A.B. de C.V., through its subsidiaries, engages in the production and sale of cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, the Caribbean, and Asia. Cemex S.A.B. de C.V has a market cap of $12.8 billion and is part of the materials & construction industry. Shares are up 18.5% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Cemex S.A.B. de C.V a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cemex S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full Cemex S.A.B. de C.V Ratings Report now.

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