3 Stocks Pushing The Industrial Industry 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Industrial industry currently sits down 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Royal Philips ( PHG), down 0.9%, Caterpillar ( CAT), down 0.9% and ABB ( ABB), down 0.7%.

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

3. Illinois Tool Works ( ITW) is one of the companies pushing the Industrial industry lower today. As of noon trading, Illinois Tool Works is down $0.88 (-1.0%) to $88.50 on average volume. Thus far, 926,101 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $88.18-$89.29 after having opened the day at $89.27 as compared to the previous trading day's close of $89.38.

Illinois Tool Works Inc. produces and sells engineered fasteners and components, equipment and consumable systems, and specialty products. Illinois Tool Works has a market cap of $36.7 billion and is part of the industrial goods sector. Shares are up 6.3% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Illinois Tool Works a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Illinois Tool Works as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Illinois Tool Works 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 $2.43 (-0.9%) to $263.18 on light volume. Thus far, 189,146 shares of Precision Castparts exchanged hands as compared to its average daily volume of 716,000 shares. The stock has ranged in price between $262.56-$265.35 after having opened the day at $265.00 as compared to the previous trading day's close of $265.61.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. It operates in three segments: Investment Cast Products, Forged Products, and Airframe Products. Precision Castparts has a market cap of $38.4 billion and is part of the industrial goods sector. Shares are down 1.4% year-to-date as of the close of trading on Friday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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, Honeywell International ( HON) is down $0.70 (-0.7%) to $94.12 on light volume. Thus far, 850,167 shares of Honeywell International exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $93.96-$94.84 after having opened the day at $94.60 as compared to the previous trading day's close of $94.82.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $74.0 billion and is part of the industrial goods sector. Shares are up 3.8% year-to-date as of the close of trading on Friday. Currently there are 14 analysts that rate Honeywell International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Honeywell International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Honeywell International 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 industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).
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