5 Stocks in the Capital Goods Sector That Are Selling Off This Morning

Through the early part of trading on Thursday, September 8, 2011, these stocks are bringing down the Capital Goods (NYSE:XLI) sector. 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.

The Boeing Company (NYSE:BA) stocks are trading at $63.57. This is $1.15 (-2.1%) below the previous close of $64.90, making the company one of the biggest price losers in the sector today. Boeing Company is an aerospace firm that designs, develops, manufactures, sells, and supports commercial jetliners, military aircraft, satellites, missile defense, and human space flight services.

Stock Price Performance: From July 11, 2011, to September 6, 2011, the stock price had fallen $10.09 (-13.8%) from $72.86 to $62.77. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 25, 2011 when shares rose for eight straight trading days, rising 8.3% (+$5.58). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 16.9% (-$11.87).

Shares of Deere & Company (NYSE:DE) are trading at $78.60, down $1.02 (-1%) from the previous close of $79.35. Deere & Company provides products and services for agriculture, forestry, construction, landscaping and irrigation.

Stock Price Performance: From August 8, 2011, to September 6, 2011, the stock price had risen $10.09 (15%) from $67.05 to $77.14. The stock price saw one of its best stretches over the last year between January 4, 2011 and January 18, 2011 when shares rose for 10 straight trading days, rising 9.1% (+$7.51). It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven straight trading days, falling 5.8% (-$5.76).

Pall Corporation (NYSE:PLL) is one of the sector losers in price. Its shares are trading at $44.56, down $4.37 (-8.7%) from the previous close of $48.82. Pall Corp. supplies filtration, separation and purification technologies for the removal of contaminants from a variety of liquids and gases.

Stock Price Performance: From July 12, 2011, to September 7, 2011, the stock price had fallen $6.57 (-11.9%) from $55.39 to $48.82. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 14.3% (-$7.84). The stock price saw one of its best stretches over the last year between March 30, 2011 and April 7, 2011 when shares rose for seven straight trading days, rising 4% (+$2.28).

Martin Marietta Materials Inc. (NYSE:MLM) is among the price losers in the sector as its stock price is $69.42, down 75 cents (-1.6%) from the previous close of $70.53. Martin Marietta Materials, Inc. is a producer of aggregates for the construction industry, including infrastructure, commercial, agricultural and residential.

Stock Price Performance: From June 10, 2011, to September 6, 2011, the stock price had fallen $9.03 (-11.5%) from $78.62 to $69.59. The stock price saw one of its best stretches over the last year between April 19, 2011 and April 27, 2011 when shares rose for six straight trading days, rising 6.4% (+$5.45). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 11.6% (-$9.13).

D. R. Horton Inc. (NYSE:DHI) is among the price losers in the sector. Its shares are trading at $10.00, which is 18 cents (-1.7%) below the previous close of $10.17. 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 12, 2011, to September 7, 2011, the stock price had fallen $1.37 (-11.9%) from $11.54 to $10.17. 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).

 

More from The Cheat Sheet