Capital Goods Stocks Climbing Upward This Morning

Through early trading, these stocks are helping 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.

Cummins Inc. (NYSE:CMI) is one of the top price gainers. Its stock price is $91.82, which is $1.32 (+1.5%) above the previous close of $90.50. Cummins, Inc. is a company engaged in the design, manufacturing and distribution of diesel and natural gas engines and related technologies. Its services to markets worldwide include electric power generation systems and engine-related component products.

Stock Price Performance: From July 11, 2011, to September 6, 2011, the stock price had fallen $17.66 (-17.1%) from $103.20 to $85.54. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 1, 2011 when shares rose for nine straight trading days, rising 9.4% (+$9.53). It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight trading days, falling 10.5% (-$11.62).

Shares of Joy Global Inc. (NASDAQ:JOYG) are trading at $83.43, up 32 cents (+0.4%) from the previous close of $83.11. Joy Global, Inc. is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The equipment is used in the mining regions globally to mine coal, copper, iron ore, oil sands, and other minerals.

Stock Price Performance: From July 12, 2011, to September 7, 2011, the stock price had fallen $10.47 (-11.2%) from $93.58 to $83.11. The stock price saw one of its best stretches over the last year between January 7, 2011 and January 18, 2011 when shares rose for seven straight trading days, rising 8.1% (+$6.98). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 23.7% (-$22.17).

CARBO Ceramics Inc. (NYSE:CRR) is one of the top price gainers. Its stock price is $149.69, which is 43 cents (+0.3%) above the previous close of $149.26. 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 August 8, 2011, to September 6, 2011, the stock price had risen $25.14 (20.8%) from $120.83 to $145.97. 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).

Shares of REGAL-BELOIT CORPORATION (NYSE:RBC) are trading at $57.88, up 20 cents (+0.4%) from the previous close of $57.66. Regal-Beloit Corporation is a multinational corporation, which manufactures and markets electrical and mechanical products.

Stock Price Performance: From July 12, 2011, to September 7, 2011, the stock price had fallen $9.47 (-14.1%) from $67.13 to $57.66. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 5, 2011 when shares rose for eight straight trading days, rising 6.8% (+$4.80). It saw one of its worst periods between January 12, 2011 and January 21, 2011 when shares fell for seven straight trading days, falling 3.6% (-$2.41).

Robbins & Myers, Inc. (NYSE:RBN) is one of the top price gainers. Its stock price is $47.94, which is 18 cents (+0.3%) above the previous close of $47.80. Robbins & Myers, Inc. is a supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets.

Stock Price Performance: From August 8, 2011, to September 6, 2011, the stock price had risen $6.30 (16.2%) from $38.93 to $45.23. The stock price saw one of its best stretches over the last year between June 16, 2011 and July 1, 2011 when shares rose for 12 straight trading days, rising 29.8% (+$12.45). It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven straight trading days, falling 9.8% (-$4.24).

 

More from The Cheat Sheet