3 Stocks Pulling The Industrial Industry Downward

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 68 points (0.4%) at 17,048 as of Thursday, Aug. 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,747 issues advancing vs. 1,215 declining with 171 unchanged.

The Industrial industry currently is unchanged today versus the S&P 500, which is up 0.3%. A company within the industry that fell today was Cummins ( CMI), up 0.9%.

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

3. Colfax ( CFX) is one of the companies pushing the Industrial industry lower today. As of noon trading, Colfax is down $0.49 (-0.8%) to $64.68 on light volume. Thus far, 151,150 shares of Colfax exchanged hands as compared to its average daily volume of 603,400 shares. The stock has ranged in price between $64.46-$65.38 after having opened the day at $65.38 as compared to the previous trading day's close of $65.17.

Colfax Corporation, a diversified industrial manufacturing and engineering company, provides gas-and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. Colfax has a market cap of $8.0 billion and is part of the industrial goods sector. Shares are up 2.3% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Colfax a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Colfax 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, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Colfax Ratings Report now.

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