SSYS, IR And MMM, Pushing 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 96 points (-0.6%) at 16,467 as of Friday, Aug. 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 828 issues advancing vs. 2,201 declining with 119 unchanged.

The Industrial Goods sector currently sits down 0.8% versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the sector include Chart Industries ( GTLS), down 6.0%, 3D Systems ( DDD), down 4.8%, Flowserve ( FLS), down 2.2%, Parker Hannifin ( PH), down 1.7% and Dover ( DOV), down 1.3%. A company within the sector that increased today was Spirit AeroSystems Holdings ( SPR), up 9.3%.

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

3. Stratasys ( SSYS) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Stratasys is down $3.58 (-3.6%) to $97.00 on average volume. Thus far, 579,715 shares of Stratasys exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $96.43-$100.50 after having opened the day at $99.70 as compared to the previous trading day's close of $100.58.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $5.2 billion and is part of the computer hardware industry. Shares are down 25.3% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts that rate Stratasys a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Stratasys as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Stratasys 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, Ingersoll-Rand ( IR) is down $0.64 (-1.1%) to $58.15 on heavy volume. Thus far, 1.5 million shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $57.96-$59.02 after having opened the day at $58.40 as compared to the previous trading day's close of $58.79.

Ingersoll-Rand plc, together with its subsidiaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products in the United States and internationally. It operates through Climate and Industrial segments. Ingersoll-Rand has a market cap of $16.3 billion and is part of the industrial industry. Shares are down 4.6% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts that rate Ingersoll-Rand a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Ingersoll-Rand 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 and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Ingersoll-Rand 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, 3M ( MMM) is down $1.23 (-0.9%) to $139.66 on average volume. Thus far, 1.3 million shares of 3M exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $139.08-$141.04 after having opened the day at $140.15 as compared to the previous trading day's close of $140.89.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $94.0 billion and is part of the industrial industry. Shares are up 0.5% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate 3M a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates 3M 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, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full 3M 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

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2