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TheStreet Open House
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4 Industrial Goods Stocks Driving The Sector Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 15,601 as of Monday, Aug. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.

The Industrial Goods sector currently sits up 0.4% versus the S&P 500, which is down 0.2%. A company within the sector that increased today was Weyerhaeuser ( WY), up 0.8%. On the negative front, top decliners within the sector include PulteGroup ( PHM), down 2.7%, DR Horton ( DHI), down 2.4%, Fastenal Company ( FAST), down 1.8%, Sherwin-Williams Company ( SHW), down 1.4% and CNH Global ( CNH), down 1.0%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Royal Philips ( PHG) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Royal Philips is up $0.15 (0.5%) to $32.32 on light volume. Thus far, 206,364 shares of Royal Philips exchanged hands as compared to its average daily volume of 877,300 shares. The stock has ranged in price between $32.15-$32.38 after having opened the day at $32.26 as compared to the previous trading day's close of $32.17.

Koninklijke Philips N.V. engages in the healthcare, lighting, and consumer lifestyle businesses worldwide. Royal Philips has a market cap of $29.6 billion and is part of the consumer durables industry. Shares are up 22.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Royal Philips a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Philips as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Royal Philips Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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