Today’s Stocks Driving Success For The Industrial Goods Sector
All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 104 points (0.6%) at 18,145 as of Wednesday, May 27, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,945 issues advancing vs. 1,035 declining with 155 unchanged.
The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Abengoa ( ABGB), up 4.6%, Cemex SAB de CV ( CX), up 2.0%, Spirit AeroSystems Holdings ( SPR), up 1.6%, ABB ( ABB), up 1.5% and Sherwin-Williams ( SHW), up 1.5%. On the negative front, top decliners within the sector include Toll Brothers ( TOL), down 2.8%, Embraer S.A ( ERJ), down 2.7% and Weyerhaeuser ( WY), down 0.5%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3. Deere ( DE) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Deere is up $0.89 (0.9%) to $94.69 on heavy volume. Thus far, 2.2 million shares of Deere exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $93.70-$94.83 after having opened the day at $93.89 as compared to the previous trading day’s close of $93.80.
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $31.7 billion and is part of the industrial industry. Shares are up 6.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Deere a buy, 5 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates Deere as a buy. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Deere Ratings Report now.