5 Stocks Pushing The Industrial Goods Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 67 points (0.5%) at 13,019 as of Wednesday, Dec. 5, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,464 issues advancing vs. 1,407 declining with 149 unchanged.

The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is up 0.0%. Top gainers within the sector include Waste Management (WM), up 2.2%, Joy Global (JOY), up 2.4% and Nidec Corporation (NJ), up 1.5%. On the negative front, top decliners within the sector include Toll Brothers (TOL), down 3.1%, NVR (NVR), down 2.7%, Weyerhaeuser (WY), down 2.5%, Masco Corporation (MAS), down 2.0% and DR Horton (DHI), down 1.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. ABB (ABB) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, ABB is up $0.11 (0.6%) to $19.77 on light volume Thus far, 572,730 shares of ABB exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $19.68-$19.78 after having opened the day at $19.76 as compared to the previous trading day's close of $19.66.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $44.6 billion and is part of the industrial industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate ABB a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full ABB Ratings Report now.

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