Capital Goods Stocks with Big Declines This Morning

Through the early part of trading on Friday, September 9, 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) is one of the sector losers in price. Its shares are trading at $77.80, down $1.22 (-1.8%) from the previous close of $79.26. 3M Co. is a global manufacturer, technology innovator and marketer of a variety of products.

Stock Price Performance: From July 13, 2011, to September 8, 2011, the stock price had fallen $16.29 (-17%) from $95.55 to $79.26. 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).

Pall Corporation (NYSE:PLL) stocks are trading at $43.30. This is 72 cents (-1.7%) below the previous close of $44.03, making the company one of the biggest price losers in the sector today. 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 13, 2011, to September 8, 2011, the stock price had fallen $11.43 (-20.6%) from $55.46 to $44.03. 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).

Shares of Martin Marietta Materials Inc. (NYSE:MLM) are trading at $67.84, down $1.62 (-2.2%) from the previous close of $69.38. 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).

Lennar Corporation (NYSE:LEN) stocks are trading at $13.67. This is 24 cents (-2%) below the previous close of $13.95, making the company one of the biggest price losers in the sector today. Lennar Corp. builds affordable, move-up and retirement homes primarily under the Lennar brand name throughout the United States.

Stock Price Performance: From July 13, 2011, to September 8, 2011, the stock price had fallen $4.09 (-22.7%) from $18.04 to $13.95. The stock price saw one of its best stretches over the last year between November 29, 2010 and December 8, 2010 when shares rose for eight straight trading days, rising 17% (+$2.54). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 11.6% (-$2.20).

Robbins & Myers, Inc. (NYSE:RBN) is among the price losers in the sector. Its shares are trading at $45.03, which is 98 cents (-2.1%) below the previous close of $45.98. 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 10, 2011, to September 8, 2011, the stock price had risen $5.83 (14.5%) from $40.15 to $45.98. 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).

 

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