Boeing and Caterpillar Lead Capital Goods Stocks Moving to the Downside: MMM, CAT, BA, RTN, TGI

Through most of the trading day on Tuesday, October 4, 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.

3M Company (NYSE:MMM) stocks are trading at $70.48. This is 56 cents (-0.6%) below the previous close of $70.93, making the company one of the biggest price losers in the sector today. 3M is a global manufacturer, technology innovator, and marketer of a variety of products.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $25.52 (-26.2%) from $97.31 to $71.79. 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).

Shares of Caterpillar Inc. (NYSE:CAT) are trading at $69.95, down 74 cents (-0.8%) from the previous close of $70.55. Caterpillar offers construction and mining equipment as well as diesel and natural gas engines and industrial gas turbines.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $37.32 (-33.6%) from $111.16 to $73.84. The stock price saw one of its best stretches over the last year between December 8, 2010 and December 16, 2010 when shares rose for seven straight trading days, rising 4% (+$3.53). It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 14.7% (-$12.74).

The Boeing Company (NYSE:BA) is one of the sector losers in price. Its shares are trading at $57.83, down 57 cents (-0.7%) from the previous close of $58.25. Boeing 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 7, 2011, to September 30, 2011, the stock price had fallen $14.97 (-19.8%) from $75.48 to $60.51. 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).

Raytheon Company (NYSE:RTN) is among the price losers in the sector as its stock price is $39.34, down 25 cents (-0.4%) from the previous close of $39.50. Raytheon provides electronics, mission systems integration, and other capabilities to customers in defense, homeland security and other government markets throughout the world.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $8.71 (-17.6%) from $49.58 to $40.87. The stock price saw one of its best stretches over the last year between December 29, 2010 and January 7, 2011 when shares rose for eight straight trading days, rising 10.6% (+$4.69). It saw one of its worst periods between July 1, 2011 and July 18, 2011 when shares fell for 11 straight trading days, falling 9.3% (-$4.68).

Triumph Group Inc. (NYSE:TGI) is among the price losers in the sector. Its shares are trading at $45.17, which is 46 cents (-1%) below the previous close of $45.64. Triumph Group designs, engineers, manufactures and sells products for the aviation and aerospace industries.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $3 (-5.8%) from $51.74 to $48.74. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 7.7% (+$3.70). It saw one of its worst periods between April 6, 2011 and April 14, 2011 when shares fell for seven straight trading days, falling 7.8% (-$3.40).

 

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