Fluor Leads Capital Goods Stocks with Big Declines: FLR, KBR, MLM, IEX, CRR

Through most of the trading day on Friday, October 7, 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.

Fluor Corporation (NYSE:FLR) is among the price losers in the sector as its stock price is $49.36, down $2.31 (-4.6%) from the previous close of $51.74. Fluor Corporation provides professional services and project management in the fields of procurement, engineering, construction and maintenance.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $14.17 (-22.2%) from $63.96 to $49.79. 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 12.3% (+$7.89). It saw one of its worst periods between April 5, 2011 and April 14, 2011 when shares fell for eight straight trading days, falling 9.2% (-$6.72).

KBR, Inc. (NYSE:KBR) is among the price losers in the sector. Its shares are trading at $24.49, which is $1.54 (-6%) below the previous close of $26.06. KBR is a global engineering, construction, and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, and industrial sectors.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $10.91 (-29.5%) from $36.97 to $26.06. The stock price saw one of its best stretches over the last year between June 17, 2011 and July 7, 2011 when shares rose for 14 straight trading days, rising 13.4% (+$4.57). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 26.4% (-$9.41).

Martin Marietta Materials Inc. (NYSE:MLM) stocks are trading at $64.45. This is $2.67 (-4.1%) below the previous close of $67.23, making the company one of the biggest price losers in the sector today. Martin Marietta Materials is a producer of aggregates for the construction industry, including infrastructure, commercial, agricultural, and residential products.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $12.96 (-16.6%) from $77.95 to $64.99. 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).

Shares of IDEX Corporation (NYSE:IEX) are trading at $31.98, down $1.44 (-4.4%) from the previous close of $33.45. Idex is an applied solutions company, which is engaged in fluid and metering technologies, health and science technologies, dispensing equipment and fire, safety and other products.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $11.34 (-25.3%) from $44.79 to $33.45. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 6, 2011 when shares rose for eight straight trading days, rising 6.3% (+$2.67). It saw one of its worst periods between July 20, 2011 and July 29, 2011 when shares fell for eight straight trading days, falling 10.7% (-$4.97).

CARBO Ceramics Inc. (NYSE:CRR) is one of the sector losers in price. Its shares are trading at $110.55, down $5.97 (-5.1%) from the previous close of $116.44. Carbo Ceramics 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 13, 2011, to October 6, 2011, the stock price had fallen $49.24 (-29.7%) from $165.68 to $116.44. 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).

 

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