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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,943 as of Wednesday, July 9, 2014, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,468 issues advancing vs. 1,471 declining with 161 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the sector include James Hardie Industries ( JHX), down 1.6%, Plum Creek Timber ( PCL), down 1.4%, Tenaris ( TS), down 1.2%, Republic Services ( RSG), down 1.1% and Fastenal ( FAST), down 1.0%. Top gainers within the sector include Royal Philips ( PHG), up 1.1%, Fluor ( FLR), up 0.7%, Stericycle ( SRCL), up 0.6% and Nidec ( NJ), up 0.5%.

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

3. AGCO ( AGCO) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, AGCO is down $1.33 (-2.4%) to $53.78 on heavy volume. Thus far, 1.5 million shares of AGCO exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $53.60-$54.89 after having opened the day at $54.66 as compared to the previous trading day's close of $55.11.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. AGCO has a market cap of $5.2 billion and is part of the industrial industry. Shares are down 6.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate AGCO a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates AGCO as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, increase in stock price during the past year, 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 has had sub par growth in net income. Get the full AGCO 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, Mohawk Industries ( MHK) is down $1.62 (-1.2%) to $135.40 on average volume. Thus far, 486,896 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 750,400 shares. The stock has ranged in price between $134.65-$138.23 after having opened the day at $137.22 as compared to the previous trading day's close of $137.02.

Mohawk Industries, Inc., together with its subsidiaries, designs, manufactures, sources, distributes, and markets floor covering products for residential and commercial applications in both remodeling and new construction worldwide. Mohawk Industries has a market cap of $10.0 billion and is part of the consumer durables industry. Shares are down 8.0% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mohawk Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Mohawk Industries 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 $1.16 (-1.3%) to $88.96 on heavy volume. Thus far, 2.7 million shares of Deere exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $88.42-$90.23 after having opened the day at $90.18 as compared to the previous trading day's close of $90.12.

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $33.0 billion and is part of the industrial industry. Shares are down 1.3% year-to-date as of the close of trading on Tuesday. Currently there are 3 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 attractive valuation levels, increase in stock price during the past year 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 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 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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