Industrial companies have started to report some impressive earnings this week, but the sector is still down on the year. Stephanie Link, Co-Portfolio Manager of Action Alerts Plus, tells TheStreet’s Jill Malandrino the key is to pick up on consistent themes from the quarter and management commentary. Link says strength in the U.S. and margin improvement are some positive themes, but many companies are citing Europe as a soft area. At the end of earnings season Link says she will look to buy shares in companies with the best organic growth rates and margin outperformance. Link, says you can still buy some of the stocks right now becuse they are down from their highs and let them potentially run until the end of the year. Link is positive on stocks like Lennox International, Ingersoll-Rand. UTX Technologies. Another highlight was that 3M grew its margins in all divisions by over 22% for the first time ever. Organic growth rate was OK, but a stock that outperformed there would be Honeywell.