3 Stocks Pulling The Industrial Goods Sector Downward

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 43 points (-0.2%) at 17,678 as of Wednesday, Dec. 30, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,064 issues advancing vs. 1,854 declining with 167 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Elbit Systems ( ESLT), down 2.0%, Cemex SAB de CV ( CX), down 1.1% and AerCap Holdings ( AER), down 0.8%. A company within the sector that increased today was Lennar ( LEN), up 0.8%.

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

3. Royal Philips ( PHG) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Royal Philips is down $0.20 (-0.8%) to $26.13 on light volume. Thus far, 323,938 shares of Royal Philips exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $26.08-$26.23 after having opened the day at $26.15 as compared to the previous trading day's close of $26.33.

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Koninklijke Philips N.V. engages in healthcare, consumer lifestyle, and lighting businesses worldwide. Royal Philips has a market cap of $24.0 billion and is part of the industrial industry. Shares are down 9.2% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Royal Philips a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Philips as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. Get the full Royal Philips Ratings Report now.

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2. As of noon trading, ABB ( ABB) is down $0.11 (-0.6%) to $18.12 on light volume. Thus far, 757,988 shares of ABB exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $18.09-$18.20 after having opened the day at $18.12 as compared to the previous trading day's close of $18.23.

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ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $40.2 billion and is part of the industrial industry. Shares are down 13.8% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates ABB a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates ABB as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. Get the full ABB Ratings Report now.

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1. As of noon trading, Tenaris ( TS) is down $0.40 (-1.6%) to $23.85 on light volume. Thus far, 432,233 shares of Tenaris exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $23.84-$24.19 after having opened the day at $24.02 as compared to the previous trading day's close of $24.25.

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Tenaris S.A., through its subsidiaries, manufactures and supplies steel pipe products and related services for the energy and other industrial applications. Tenaris has a market cap of $14.3 billion and is part of the metals & mining industry. Shares are down 19.7% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tenaris as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Tenaris Ratings Report now.

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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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