3 Capital Goods Stocks Falling in a Mixed Market

Through the early part of trading on Tuesday, September 13, 2011, these stocks are bringing down the Capital Goods (NYSE:XLI) sector despite great news from engine manufacturer Cummins. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

3M Company (NYSE:MMM) stocks are trading at $77.97. This is 26 cents (-0.3%) below the previous close of $78.22, making the company one of the biggest price losers in the sector today. 3M Co. is a global manufacturer, technology innovator and marketer of a variety of products.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $17.69 (-18.8%) from $94.34 to $76.65. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight straight trading days, rising 6.3% (+$5.70). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 11% (-$10.50).

CARBO Ceramics Inc. (NYSE:CRR) is among the price losers in the sector as its stock price is $146.22, down 5 cents (-0.1%) from the previous close of $146.37. Carbo Ceramics, Inc. is a supplier of ceramic proppant, the provider of the world’s most popular fracture simulation software, and a provider of fracture design, engineering and consulting services.

Stock Price Performance: From July 14, 2011, to September 9, 2011, the stock price had fallen $20.33 (-12.4%) from $164.26 to $143.93. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 6, 2011 when shares rose for nine straight trading days, rising 15.5% (+$23). It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven straight trading days, falling 19% (-$34.14).

D. R. Horton Inc. (NYSE:DHI) is among the price losers in the sector. Its shares are trading at $9.55, which is 4 cents (-0.1%) below the previous close of $9.56. D.R. Horton Incorporated is a homebuilding company which constructs and sells homes in the United States and provides mortgage financing and title agency services to homebuyers.

Stock Price Performance: From July 15, 2011, to September 12, 2011, the stock price had fallen $1.87 (-16.4%) from $11.43 to $9.56. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven straight trading days, rising 7.5% (+81 cents). It saw one of its worst periods between November 16, 2010 and November 29, 2010 when shares fell for nine straight trading days, falling 10.1% (-$1.10).