Filed Under: ,
Tickers in this Article: LEN.B, DXPE, LEN, CMI, MTH, EXP, RYL
The Nasdaq has declined 1%, the S&P 500 has slipped 0.1% and the Dow has climbed 0.2% so far today. 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.

The Capital Goods sector (XLI) has risen 0.2% overall, and these are the biggest movers in the sector so far:
CompanyMarket CapPercentage Change
Lennar (NYSE:LEN.B)$943.8 million-3.4%
DXP Enterprises (Nasdaq:DXPE)$676.6 million-3.4%
Lennar (NYSE:LEN)$7.21 billion-3.4%
Cummins (NYSE:CMI)$18.5 billion+3.2%
Meritage (NYSE:MTH)$1.29 billion-3.2%
Eagle Materials (NYSE:EXP)$2.68 billion-3.1%
Ryland Group (NYSE:RYL)$1.53 billion-3%
Investopedia Markets: Explore the best one-stop source for financial news

Falling 3.4%, Lennar (NYSE:LEN.B) is currently at a share price of $29.11. This morning, the company is trading a volume of 18,500 shares. This is consistent with its current three-month average.

DXP Enterprises (Nasdaq:DXPE) has fallen 3.4% and is currently trading at $46.08 per share. So far today, the company's volume is 14,638 shares, 0.3 times the current daily average.

At $36.49, Lennar (NYSE:LEN) has slipped 3.4%. The company is currently trading a volume of 2.6 million shares.

After rising 3.2%, Cummins (NYSE:CMI) is currently trading at a share price of $100.41. This morning, 1.3 million shares have been traded,.

Meritage (NYSE:MTH) is down 3.2% to reach $35.14 per share. The company's volume for the day so far is 226,507 shares. This is consistent with the average over the past three months.

Eagle Materials (NYSE:EXP) has decreased to $53.09 per share, a 3.1% fall. So far today, the company's volume is 220,570 shares, 0.3 times the average daily volume.

Slipping 3%, Ryland Group (NYSE:RYL) is currently trading at $32.90 per share. This morning, the company is trading a volume of 441,515 shares.

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.

comments powered by Disqus

Trading Center