Filed Under: ,
Tickers in this Article: LNN, BECN, MTH, RYL, MDC, LEN, VMC
After the morning's trading, the Nasdaq has been relatively flat, the S&P 500 is up 0.3% and the Dow has remained steady. 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 0.4% overall, and these are the biggest movers in the sector so far:
CompanyMarket CapPercentage Change
Lindsay (NYSE:LNN)$947.4 million-7%
Beacon Roofing Supply (Nasdaq:BECN)$1.34 billion+5%
Meritage (NYSE:MTH)$1.42 billion+4.8%
Ryland Group (NYSE:RYL)$1.39 billion+4.4%
M.D.C. Holdings (NYSE:MDC)$1.87 billion+3.8%
Lennar (NYSE:LEN)$7.12 billion+3.5%
Vulcan Materials (NYSE:VMC)$6.18 billion+3.4%
Investopedia Markets: Explore the best one-stop source for financial news

At $69.31, Lindsay (NYSE:LNN) has slipped 7%. At 236,457 shares, the company's volume so far today is two times the average daily volume.

Beacon Roofing Supply (Nasdaq:BECN) has risen 5% to hit a current price of $29.85 per share. The company's volume for the day so far is 178,337 shares.

Increasing 4.8%, Meritage (NYSE:MTH) is trading at $42 per share. At 477,522 shares, the company's volume so far today is 0.9 times its average over the past three months.

Ryland Group (NYSE:RYL) has increased to a share price of $32.40, a 4.4% rise. The company's volume for the day so far is 887,714 shares.

M.D.C. Holdings (NYSE:MDC) has moved up 3.8% and is currently trading at $40.43 per share. At 552,160 shares, the company's volume so far today is one times the average daily volume.

Lennar (NYSE:LEN) has risen 3.5% and is currently trading at $38.64 per share. The company is currently trading a volume of 2.9 million shares.

Vulcan Materials (NYSE:VMC) is currently trading at $49.42 per share, a 3.4% increase. The company's volume for the day so far is 185,245 shares, consistent with its average over the last three months.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. 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