3 Stocks Dragging The Industrial Goods Sector 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Waste Management ( WM), down 0.8%, Raytheon ( RTN), down 0.8% and Precision Castparts ( PCP), down 0.6%. A company within the sector that increased today was Weyerhaeuser ( WY), up 1.3%.

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

3. General Dynamics ( GD) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, General Dynamics is down $1.12 (-1.0%) to $115.33 on average volume. Thus far, 781,284 shares of General Dynamics exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $115.13-$116.44 after having opened the day at $116.19 as compared to the previous trading day's close of $116.45.

General Dynamics Corporation operates as aerospace and defense company worldwide. General Dynamics has a market cap of $40.0 billion and is part of the aerospace/defense industry. Shares are up 21.9% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate General Dynamics a buy, no analysts rate it a sell, and 5 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, growth in earnings per share, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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.

2. As of noon trading, Danaher ( DHR) is down $0.76 (-1.0%) to $78.74 on light volume. Thus far, 955,588 shares of Danaher exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $78.57-$79.48 after having opened the day at $79.23 as compared to the previous trading day's close of $79.50.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher has a market cap of $55.1 billion and is part of the industrial industry. Shares are up 3.0% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Danaher a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Danaher 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 $0.58 (-0.6%) to $94.01 on average volume. Thus far, 1.1 million shares of Honeywell International exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $93.97-$94.60 after having opened the day at $94.24 as compared to the previous trading day's close of $94.59.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $72.8 billion and is part of the industrial industry. Shares are up 3.5% year-to-date as of the close of trading on Tuesday. 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, 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 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 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

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers