4 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 56 points (-0.3%) at 15,939 as of Wednesday, Feb. 12, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,598 issues advancing vs. 1,323 declining with 154 unchanged.

The Industrial Goods sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. A company within the sector that fell today was 3D Systems Corporation ( DDD), up 2.1%. Top gainers within the sector include Caesarstone Sdot-Yam ( CSTE), up 15.6%, Owens-Corning ( OC), up 12.2%, Generac Holdings ( GNRC), up 4.2%, USG ( USG), up 3.5% and Nidec Corporation ( NJ), up 3.4%.

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

4. Covanta Holding Corporation ( CVA) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Covanta Holding Corporation is down $0.96 (-5.1%) to $17.70 on heavy volume. Thus far, 2.5 million shares of Covanta Holding Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $17.50-$18.30 after having opened the day at $18.23 as compared to the previous trading day's close of $18.65.

Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in North America. Covanta Holding Corporation has a market cap of $2.4 billion and is part of the materials & construction industry. Shares are up 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Covanta Holding Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Covanta Holding Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Covanta Holding 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.

3. As of noon trading, Masco Corporation ( MAS) is down $0.21 (-0.9%) to $22.24 on average volume. Thus far, 2.2 million shares of Masco Corporation exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $22.04-$22.52 after having opened the day at $22.45 as compared to the previous trading day's close of $22.45.

Masco Corporation engages in the manufacture, distribution, and installation of home improvement and building products primarily in North America and Europe. Masco Corporation has a market cap of $7.7 billion and is part of the materials & construction industry. Shares are down 1.4% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Masco Corporation a buy, 1 analyst rates it a sell, and 8 rate it a hold.

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

2. As of noon trading, Precision Castparts ( PCP) is down $1.39 (-0.5%) to $260.68 on light volume. Thus far, 125,939 shares of Precision Castparts exchanged hands as compared to its average daily volume of 623,600 shares. The stock has ranged in price between $260.49-$263.63 after having opened the day at $263.12 as compared to the previous trading day's close of $262.07.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $37.4 billion and is part of the industrial industry. Shares are down 2.7% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Precision Castparts 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Precision Castparts 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 $0.61 (-0.7%) to $86.85 on heavy volume. Thus far, 3.0 million shares of Deere exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $86.05-$87.95 after having opened the day at $86.92 as compared to the previous trading day's close of $87.46.

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $32.4 billion and is part of the industrial industry. Shares are down 4.2% year-to-date as of the close of trading on Tuesday. 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 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).

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing