3 Stocks Dragging In The Industrial Goods Sector

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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Industrial Goods sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include 3D Systems ( DDD), up 7.0%, Curtiss-Wright ( CW), up 6.7%, Stratasys ( SSYS), up 5.2%, DR Horton ( DHI), up 2.7% and Martin Marietta Materials ( MLM), up 2.6%.

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

3. General Cable ( BGC) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, General Cable is down $2.62 (-10.2%) to $23.00 on heavy volume. Thus far, 1.6 million shares of General Cable exchanged hands as compared to its average daily volume of 931,800 shares. The stock has ranged in price between $23.00-$24.97 after having opened the day at $24.60 as compared to the previous trading day's close of $25.62.

General Cable Corporation designs, develops, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, specialty, and communications markets worldwide. General Cable has a market cap of $1.2 billion and is part of the industrial industry. Shares are down 14.8% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate General Cable a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates General Cable as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full General Cable 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, Generac Holdings ( GNRC) is down $2.96 (-5.0%) to $55.92 on heavy volume. Thus far, 2.2 million shares of Generac Holdings exchanged hands as compared to its average daily volume of 748,900 shares. The stock has ranged in price between $53.82-$58.04 after having opened the day at $55.19 as compared to the previous trading day's close of $58.88.

Generac Holdings Inc. designs, manufactures, and markets power generation equipment and other engine powered products for the residential, light commercial, industrial, and construction markets in the United States, Canada, and internationally. Generac Holdings has a market cap of $4.0 billion and is part of the industrial industry. The company has a P/E ratio of 24.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Generac Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Generac Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Generac Holdings 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, Textron ( TXT) is down $1.36 (-3.3%) to $39.54 on heavy volume. Thus far, 2.9 million shares of Textron exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $38.50-$40.15 after having opened the day at $38.82 as compared to the previous trading day's close of $40.90.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. Textron has a market cap of $11.1 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are up 11.3% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Textron a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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.

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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