10 Machinery Stocks Breaking Down

by Louis Navellier | November 17, 2011 9:30 am

As the broader economy has weakened, manufacturing has been hit hard. But the secondary fallout has been equally hard on machinery stocks that help supply manufacturing plants or provide heavy equipment for construction companies. Businesses are spending less money on these expensive machines, meaning machinery stocks don’t have a lot of big contracts these days.

I watch more than 5,000 publicly traded companies with my Portfolio Grader[1] tool, ranking companies by a number of fundamental and quantitative measures. And this week, I have for you 10 machinery stocks breaking down.

Here they are, in alphabetical order. Each one of these stocks gets a “D” or “F” according to my research, meaning it is a “strong sell” or “sell.”

Briggs & Stratton Corp. (NYSE:BGG[2]) produces air-cooled gasoline engines for outdoor power equipment. A 25% drop for BGG stock year-to-date has ensured the manufacturing stock a place on this list.

ESCO Technologies (NYSE:ESE[3]) produces products and systems for companies in the utility, industrial, aerospace and commercial applications fields.  ESE stock’s value has dropped 23% year-to-date, compared to gains by the broader markets.

Harsco Corp. (NYSE:HSC[4]) is an international provider of industrial services and engineered products. HSC stock is down 25% in 2011, compared to gains by the broader markets.

Ingersoll-Rand (NYSE:IR[5]) is known for enhancing the comfort of air in homes and buildings, transporting and protecting food and perishables, and securing homes and commercial properties. IR stock has dropped 33% year-to-date.

Kaydon Corp. (NYSE:KDN[6]) develops products for companies in the following fields: alternative energy, robotics, medical, aerospace, defense and security, among others. Like other manufacturing stocks, KDN is down big — 26% since the start of 2011.

Kubota Corp. (NYSE:KUB[7]) manufactures farm equipment, engines and construction machinery. KUB stock is down 12% since the start of 2011, compared to a gain of 4% for the Dow Jones in the same period.

Meritor Inc. (NYSE:MTOR[8]) provides drivetrain mobility and braking solutions for use in trucks, trailers and specialty vehicles. MTOR stock has had a dreadful year, losing a whopping 70% in the past 11 months.

Oshkosh Corp. (NYSE:OSK[9]) designs, manufactures and markets a range of vehicles and vehicle bodies. A 39% slip for OSK stock year-to-date has shareholders wondering why they initially made their purchase.

SPX Corp. (NYSE:SPW[10]) is a manufacturer of highly specialized, engineered solutions and serves three global markets: infrastructure, process equipment and diagnostic tools. Year-to-date, SPW stock has lost 15%.

Terex Corp. (NYSE:TEX[11]) manufactures a variety of machinery products for its customers across the globe. TEX stock has tumbled 48% since the start of 2011, much like its competition on this list.

Get more analysis of these picks and other publicly traded stocks with Louis Navellier’s Portfolio Grader[12] tool, a 100% free stock-rating tool that measures both quantitative buying pressure and eight fundamental factors.

Endnotes:
  1. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  2. BGG: http://studio-5.financialcontent.com/investplace/quote?Symbol=BGG
  3. ESE: http://studio-5.financialcontent.com/investplace/quote?Symbol=ESE
  4. HSC: http://studio-5.financialcontent.com/investplace/quote?Symbol=HSC
  5. IR: http://studio-5.financialcontent.com/investplace/quote?Symbol=IR
  6. KDN: http://studio-5.financialcontent.com/investplace/quote?Symbol=KDN
  7. KUB: http://studio-5.financialcontent.com/investplace/quote?Symbol=KUB
  8. MTOR: http://studio-5.financialcontent.com/investplace/quote?Symbol=MTOR
  9. OSK: http://studio-5.financialcontent.com/investplace/quote?Symbol=OSK
  10. SPW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SPW
  11. TEX: http://studio-5.financialcontent.com/investplace/quote?Symbol=TEX
  12. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/

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