The market is currently up, with the Nasdaq up 0.5%, the S&P 500 increasing 0.5% and the Dow climbing 0.4%. 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 0.5%, underperforming the market overall. The biggest movers in the sector are currently:
|Company||Market Cap||Percentage Change|
|Timken (NYSE:TKR)||$3.91 billion||-3.9%|
|Martin Marietta Materials (NYSE:MLM)||$3.98 billion||+3.7%|
|James Hardie Industries SE (NYSE:JHX)||$4.11 billion||+3.2%|
|Embraer SA (NYSE:ERJ)||$4.88 billion||-3.1%|
|Joy Global (NYSE:JOY)||$6.04 billion||+2.3%|
|Cubic (NYSE:CUB)||$1.32 billion||+2.3%|
|Vulcan Materials (NYSE:VMC)||$6.42 billion||+2.3%|
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Timken (NYSE:TKR) is down 3.9% to reach $44.41 per share. At 942,736 shares, the company's volume so far today is 1.1 times the average daily volume.
Martin Marietta Materials (NYSE:MLM) is up 3.7% to reach a current price of $90.04 per share. The company is currently trading a volume of 320,369 shares.
After an increase of 3.2%, James Hardie Industries SE (NYSE:JHX) has reached a current price of $47.76. At 4,830 shares, the company's volume so far today is whereas yesterday, volume was only 2,345 shares.
At $25.67, Embraer SA (NYSE:ERJ) has slipped 3.1%. The company's volume for the day so far is 384,553 shares. This is in keeping with the average volume over the past three months.
After rising 2.3%, Joy Global (NYSE:JOY) is currently trading at a share price of $57.62. At 676,307 shares, the company's volume so far today is 0.4 times the current daily average.
Cubic (NYSE:CUB) has increased to a share price of $49.29, a 2.3% rise. This morning, the company is trading a volume of 11,380 shares.
Increasing 2.3%, Vulcan Materials (NYSE:VMC) is trading at $50.81 per share. The company's volume is currently 254,002 shares for the day, on pace to finish the day below yesterday's volume of 763,878 shares.
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. 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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