The market has been slipping so far today. The Nasdaq is trading down 0.4%; the S&P 500 has slipped 0.2%; and the Dow has decreased 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) is currently ahead of the overall market, down only 0.3%, and its biggest movers are currently:
|Company||Market Cap||Percentage Change|
|Vulcan Materials (NYSE:VMC)||$6.42 billion||+2.6%|
|Sodastream (Nasdaq:SODA)||$721.8 million||+2.5%|
|Thor Industries (NYSE:THO)||$2.31 billion||-2.5%|
|Eagle Materials (NYSE:EXP)||$2.73 billion||-2.4%|
|DXP Enterprises (Nasdaq:DXPE)||$646.9 million||+2.4%|
|Ryland Group (NYSE:RYL)||$1.52 billion||-1.8%|
|Quanta Services Inc (NYSE:PWR)||$5.66 billion||+1.7%|
Broker Summary: Charles Schwab Online Brokerage
Vulcan Materials (NYSE:VMC) has moved up 2.6% and is currently trading at $52.66 per share. At 435,216 shares, the company's volume so far today is 0.8 times its current daily average.
Sodastream (Nasdaq:SODA) has risen 2.5% to hit a current price of $39.62 per share. The company is currently trading a volume of 466,193 shares.
Falling 2.5%, Thor Industries (NYSE:THO) is currently at a share price of $37.02. At 293,966 shares, the company's volume so far today is in keeping with its current three-month average.
Eagle Materials (NYSE:EXP) is trading at $52.92 per share, down 2.4%. So far today, the company's volume is 288,966 shares. This is a sign that there will be less trading activity than there was yesterday.
DXP Enterprises (Nasdaq:DXPE) has increased to a share price of $48.30, a 2.4% rise. At 13,969 shares, the company's volume so far today is 0.3 times the average daily volume.
Ryland Group (NYSE:RYL) has fallen 1.8% and is currently trading at $33.28 per share. So far today, the company's volume is 362,242 shares.
Quanta Services Inc (NYSE:PWR) is at $25.83 per share after an increase of 1.7%. So far today, the company's volume is two million shares, 1.1 times the average volume 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. 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.
Stock AnalysisA summary of what Allstate Insurance sells and whom it sells it to including recent mergers and acquisitions that have helped boost its bottom line.
EconomicsWe share some insights on how the recent terrorist attacks in Paris could impact the economy and markets going forward.
Options & FuturesInvesting during an economic downturn simply means changing your focus. Discover the benefits of defensive stocks.
Investing BasicsHeld onto a stock for too long? Selling at a loss is never ideal, but it is possible to minimize the damage. Here's how.
EconomicsWill remaining calm and staying long present significant risks to your investment health?
Stock AnalysisIs DKS a bargain here?
Investing NewsA third of Americans use an AT&T mobile phone. How did it evolve from a state-sponsored monopoly, though antitrust and a technological revolution?
Stock AnalysisHome Depot has outperformed the market by a wide margin in the last 12 months. Is this sustainable?
Stock AnalysisYelp investors have had reason to be happy recently. Will the good spirits last?
Stock AnalysisWalmart is enjoying a short-term rally. Is it sustainable? Is Amazon still a better bet?
When a company issues a cash dividend to its shareholders, the retained earnings listed on the balance sheet are reduced ... Read Full Answer >>
The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
Both additional paid-in capital and retained earnings are entries under the shareholders' equity section of a company's balance ... Read Full Answer >>
The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
The difference between subscribed share capital and issued share capital is the former relates to the amount of stock for ... Read Full Answer >>