Filed Under: ,
Tickers in this Article: CNH, TKR, SPW, JOY, CMI, MLM, EXP
The market is on the rise this morning. The Nasdaq has risen 1.7%; the S&P 500 has moved up 1.5%; and the Dow has moved up 1.3%. 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) is up 1.4%, underperforming the market overall. The biggest movers in the sector are currently:
CompanyMarket CapPercentage Change
CNH Global NV (NYSE:CNH)$10.72 billion+4.7%
Timken (NYSE:TKR)$3.62 billion+4.5%
SPX (NYSE:SPW)$3.27 billion+3.9%
Joy Global (NYSE:JOY)$5.81 billion+3.5%
Cummins (NYSE:CMI)$18.2 billion+3.4%
Martin Marietta Materials (NYSE:MLM)$3.78 billion+2.3%
Eagle Materials (NYSE:EXP)$2.59 billion+2.1%
Beginner's Guide To

CNH Global NV (NYSE:CNH) has moved up 4.7% and is currently trading at $46.50 per share. The company's volume for the day so far is 1.1 million shares. This is 4.9 times its current three-month average.

Timken (NYSE:TKR) has risen 4.5% to hit a current price of $39.40 per share. So far today, the company's volume is 436,231 shares, in line with the current daily average.

Rising 3.9%, SPX (NYSE:SPW) is currently trading at $66.87 per share. This morning, the company is trading a volume of 262,769 shares.

Joy Global (NYSE:JOY) is at $56.84 per share after an increase of 3.5%. So far today, the company's volume is 839,981 shares, with trading activity in keeping with yesterday's while it was 1.8 million shares yesterday.

Cummins (NYSE:CMI) is currently trading at $99.07 per share, a 3.4% increase. So far today, the company's volume is 697,726 shares. This is 0.3 times its average volume over the past three months.

Martin Marietta Materials (NYSE:MLM) is up 2.3% to reach a current price of $84.31 per share. The company's volume is currently 77,712 shares for the day, 0.2 times the average daily volume.

Eagle Materials (NYSE:EXP) has moved up 2.1% and is currently trading at $54.16 per share. So far today, 137,975 shares have changed hands.

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. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

comments powered by Disqus

Trading Center