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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 72 points (-0.4%) at 16,500 as of Friday, April 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,273 issues advancing vs. 1,704 declining with 143 unchanged.

The Industrial Goods sector currently sits down 1.2% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include Middleby Corporation ( MIDD), down 2.7%, Nidec Corporation ( NJ), down 2.5%, Ingersoll-Rand ( IR), down 1.1%, Textron ( TXT), down 1.2% and Pentair ( PNR), down 1.1%. Top gainers within the sector include James Hardie Industries ( JHX), up 1.8%, Mohawk Industries ( MHK), up 1.4%, Tenaris ( TS), up 0.7%, Waste Management ( WM), up 0.7% and Illinois Tool Works ( ITW), up 1.0%.

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

3. Raytheon Company ( RTN) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Raytheon Company is down $0.66 (-0.7%) to $99.38 on light volume. Thus far, 668,791 shares of Raytheon Company exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $99.18-$100.81 after having opened the day at $100.43 as compared to the previous trading day's close of $100.04.

Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. Raytheon Company has a market cap of $31.4 billion and is part of the aerospace/defense industry. Shares are up 10.3% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, good cash flow from operations, growth in earnings per share 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 Raytheon Company 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, General Dynamics ( GD) is down $0.50 (-0.5%) to $110.39 on light volume. Thus far, 734,224 shares of General Dynamics exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $110.08-$111.83 after having opened the day at $111.22 as compared to the previous trading day's close of $110.89.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $38.1 billion and is part of the aerospace/defense industry. Shares are up 16.1% year-to-date as of the close of trading on Thursday. Currently there are 13 analysts that rate General Dynamics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive 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 General Dynamics 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, Lockheed Martin Corporation ( LMT) is down $1.45 (-0.9%) to $162.30 on light volume. Thus far, 568,738 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $162.01-$164.95 after having opened the day at $164.95 as compared to the previous trading day's close of $163.75.

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. Lockheed Martin Corporation has a market cap of $52.6 billion and is part of the aerospace/defense industry. Shares are up 10.2% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate Lockheed Martin Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations 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 Lockheed Martin 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 3 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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