The market is having a bad day so far. The Nasdaq is down 0.8%; the S&P 500 is trading down 0.2%; and the Dow has slipped 0.1%. The capital goods sector is the category of stocks related to the manufacture or distribution of goods. The sector is diverse, containing companies that manufacture machinery used to create capital goods, electrical equipment, aerospace and defense, engineering and construction projects. It is also referred to as the "industrials sector". Performance in the capital goods sector is sensitive to fluctuations in the business cycle. Because it relies heavily on manufacturing, the sector does well when the economy is booming or expanding. As economic conditions worsen, the demand for capital goods drops off, usually lowering the prices of stocks in the sector.

While the market overall has shown little change, the Capital Goods sector (XLI) is up 0.2% and its current biggest movers are:

CompanyMarket CapPercentage Change
Makita Corporation (Nasdaq:MKTAY)$5.7 billion+3.9%
Esterline (NYSE:ESL)$1.95 billion+2.5%
Joy Global (NYSE:JOY)$6.4 billion+2.5%
Sodastream (Nasdaq:SODA)$805.5 million+2.2%
Emcor Group (NYSE:EME)$2.26 billion-2%
SPX (NYSE:SPW)$3.09 billion+1.9%
Gardner Denver (NYSE:GDI)$3.53 billion+1.9%
Broker Summary: Fidelity Online Brokerage

After an increase of 3.9%, Makita Corporation (Nasdaq:MKTAY) has reached a current price of $43.61. The company's volume is currently 2,906 shares for the day, which is more trading activity than there was yesterday.

Esterline (NYSE:ESL) is up 2.5% to reach a current price of $64.72 per share. The company is currently trading a volume of 76,532 shares.

Rising 2.5%, Joy Global (NYSE:JOY) is currently trading at $61.92 per share. At 1.8 million shares, the company's volume so far today is 0.8 times the average daily volume.

After rising 2.2%, Sodastream (Nasdaq:SODA) is currently trading at a share price of $40.33. So far today, the company's volume is 218,681 shares. This is 0.2 times the current three-month average.

Emcor Group (NYSE:EME) is trading at $33.30 per share, down 2%. So far today, the company's volume is 137,017 shares, with trading activity in keeping with yesterday's which is likely to result in less activity than yesterday's volume of 328,087 shares.

SPX (NYSE:SPW) has risen 1.9% to hit a current price of $62.03 per share. So far today, 750,830 shares have changed hands.

Gardner Denver (NYSE:GDI) has moved up 1.9% and is currently trading at $73.35 per share. At 461,842 shares, the company's volume so far today is in line with the current daily average.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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Tickers in this Article: MKTAY, ESL, JOY, SODA, EME, SPW, GDI

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