The Nasdaq has slipped 0.4%, the S&P 500 has decreased 0.3% and the Dow is trading down 0.2% on a bad morning for the market. 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 relatively unchanged on a bad day for the market overall. The current biggest movers in the sector are:


CompanyMarket CapPercentage Change
National Presto Industries (NYSE:NPK)$537.3 million-7.6%
HEICO (NYSE:HEI.A)$1.08 billion-5.6%
HEICO (NYSE:HEI)$2.27 billion-4.9%
Dresser-Rand Group (NYSE:DRC)$4.04 billion+2.3%
James Hardie Industries SE (NYSE:JHX)$4.28 billion-2.2%
Apogee Enterprises (Nasdaq:APOG)$644.1 million+2%
REGAL-BELOIT (NYSE:RBC)$2.93 billion-1.9%
Forex Broker Summary: Forex Capital Markets (FXCM)

Currently trading at $72.10 per share, National Presto Industries (NYSE:NPK) has fallen 7.6%. This morning, 8,096 shares have been traded, while it was 36,607 shares yesterday.

Slipping 5.6%, HEICO (NYSE:HEI.A) is currently trading at $32.54 per share. This morning, the company's volume is 28,189 shares. This is 0.7 times its current daily average.

HEICO (NYSE:HEI) is currently trading at a share price of $41.02, a 4.9% decline. With 67,087 shares changing hands so far today, the company's volume is in keeping with its current three-month average.

Dresser-Rand Group (NYSE:DRC) is currently trading at $54.68 per share, a 2.3% increase. So far today, the company's volume is 248,920 shares.

After a decline of 2.2%, James Hardie Industries SE (NYSE:JHX) has hit a share price of $47.91. The company's volume is currently 3,000 shares for the day, more than yesterday's 1,780 shares.

After an increase of 2%, Apogee Enterprises (Nasdaq:APOG) has reached a current price of $23.14. The company's volume for the day so far is 29,009 shares. This is 0.2 times the current daily average.

REGAL-BELOIT (NYSE:RBC) has fallen 1.9% and is currently trading at $68.94 per share. The company's volume for the day so far is 977,136 shares, 3.7 times the current three-month average.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. 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: NPK, HEI.A, HEI, DRC, JHX, APOG, RBC

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