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Makita Corporation and Other Capital Goods Stocks Making Big Moves on November 28, 2012

November 28, 2012 | Filed Under »
Tickers in this Article » SHS, SLCA, ERJ, SODA, MKTAY, SXI, GTLS
So far today, the Nasdaq has remained steady, the S&P 500 is trading up 0.1% and the Dow has increased 0.2%. 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 moved up 0.3% overall, and these are the biggest movers in the sector so far:
CompanyMarket CapPercentage Change
Sauer-Danfoss (NYSE:SHS)$1.93 billion+24.7%
US Silica Holdings (NYSE:SLCA)$858.8 million-6%
Embraer SA (NYSE:ERJ)$4.88 billion-3.3%
Sodastream (Nasdaq:SODA)$721.8 million+2.8%
Makita Corporation (Nasdaq:MKTAY)$5.58 billion-2.8%
Standex (NYSE:SXI)$594.7 million-2.5%
Chart Industries (Nasdaq:GTLS)$1.77 billion+2.3%
Broker Summary: Charles Schwab Online Brokerage

After a big jump of 24.7%, Sauer-Danfoss (NYSE:SHS) is trading at $49.10 per share. The company's volume for the day so far is 434,503 shares.

After a decline of 6%, US Silica Holdings (NYSE:SLCA) has hit a share price of $14.98. With 379,155 shares changing hands so far today, the company's volume is in keeping with the average volume over the past three months.

At $26.20, Embraer SA (NYSE:ERJ) has slipped 3.3%. The company's volume is currently 694,746 shares.

Sodastream (Nasdaq:SODA) has increased to a share price of $37.39, a 2.8% rise. At 460,026 shares, the company's volume so far today is 0.6 times the average daily volume.

Currently trading at $40.47 per share, Makita Corporation (Nasdaq:MKTAY) has fallen 2.8%. This morning, the company is trading a volume of 7,851 shares.

Falling 2.5%, Standex (NYSE:SXI) is currently at a share price of $46.12. So far today, the company's volume is 8,116 shares, 0.3 times the current three-month average.

Increasing 2.3%, Chart Industries (Nasdaq:GTLS) is trading at $58.92 per share. So far today, the company's volume is 192,086 shares. At this rate, trading activity will likely be down from yesterday when 869,650 shares changed hands.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. 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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