3 Stocks Pulling 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 41 points (0.2%) at 17,110 as of Friday, Sept. 5, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,666 issues advancing vs. 1,285 declining with 190 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is up 0.2%. A company within the sector that fell today was Cummins ( CMI), up 0.8%. Top gainers within the sector include B/E Aerospace ( BEAV), up 2.4%, AerCap Holdings ( AER), up 2.0%, Embraer S.A ( ERJ), up 1.1%, Tenaris ( TS), up 0.9% and Precision Castparts ( PCP), up 0.5%.

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 $1.67 (-1.4%) to $119.41 on average volume. Thus far, 724,128 shares of Stratasys exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $116.71-$121.05 after having opened the day at $121.00 as compared to the previous trading day's close of $121.08.

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 $5.9 billion and is part of the computer hardware industry. Shares are down 10.1% 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 4 rate it a hold.

TheStreet Ratings rates Stratasys as a buy. 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, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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, 3D Systems ( DDD) is down $0.83 (-1.6%) to $50.68 on light volume. Thus far, 1.1 million shares of 3D Systems exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $50.35-$51.49 after having opened the day at $51.39 as compared to the previous trading day's close of $51.51.

3D Systems Corporation, through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the United States, Germany, the Asia-Pacific, and other European countries. 3D Systems has a market cap of $5.7 billion and is part of the computer hardware industry. Shares are down 44.6% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts that rate 3D Systems a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates 3D Systems 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full 3D Systems 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, Boeing ( BA) is down $1.10 (-0.9%) to $124.36 on average volume. Thus far, 2.5 million shares of Boeing exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $124.10-$125.55 after having opened the day at $125.43 as compared to the previous trading day's close of $125.46.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $90.8 billion and is part of the aerospace/defense industry. Shares are down 8.1% year-to-date as of the close of trading on Thursday. Currently there are 14 analysts that rate Boeing a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Boeing 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

If you liked this article you might like

3D Systems Could Plunge Even More

3D Systems Could Plunge Even More

These Stocks Are Changing Course

These Stocks Are Changing Course

Analysts' Actions -- Citizens Financial, Expedia, First Solar, Jack in the Box and More

Analysts' Actions -- Citizens Financial, Expedia, First Solar, Jack in the Box and More

Stratasys Stock Drops Premarket Despite 4Q Beat

Stratasys Stock Drops Premarket Despite 4Q Beat

Treehouse Foods, Arconic, Kinder Morgan, Chesapeake Energy: 'Mad Money' Lightning Round

Treehouse Foods, Arconic, Kinder Morgan, Chesapeake Energy: 'Mad Money' Lightning Round