3 Stocks Boosting The Industrial Goods Sector Higher
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 1 points (0.0%) at 18,534 as of Tuesday, July 19, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,061 issues advancing vs. 1,832 declining with 165 unchanged.
The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is down 0.3%. Top gainers within the sector include
(
), up 4.2%,
(
), up 3.0% and
(
), up 0.7%. On the negative front, top decliners within the sector include
(
), down 9.4%,
(
), down 3.5%,
(
), down 2.5%,
(
), down 2.4% and
(
), down 2.3%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, TransDigm Group is up $2.18 (0.8%) to $274.12 on light volume. Thus far, 203,108 shares of TransDigm Group exchanged hands as compared to its average daily volume of 780,700 shares. The stock has ranged in price between $271.12-$276.14 after having opened the day at $271.12 as compared to the previous trading day's close of $271.94.
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TransDigm Group Incorporated, through its subsidiaries, designs, produces, and supplies aircraft components in the United States. TransDigm Group has a market cap of $14.4 billion and is part of the aerospace/defense industry. Shares are up 19.0% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate TransDigm Group a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
TransDigm Group
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
TransDigm Group Ratings Report
now.
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2. As of noon trading,
(
) is up $1.25 (0.9%) to $142.25 on average volume. Thus far, 1.0 million shares of General Dynamics exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $140.87-$143.68 after having opened the day at $141.25 as compared to the previous trading day's close of $141.00.
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General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. General Dynamics has a market cap of $43.4 billion and is part of the aerospace/defense industry. Shares are up 2.6% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate General Dynamics a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
General Dynamics
as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, reasonable valuation levels, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
General Dynamics Ratings Report
now.
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1. As of noon trading,
(
) is up $1.08 (0.8%) to $134.52 on average volume. Thus far, 2.1 million shares of Boeing exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $132.83-$135.67 after having opened the day at $133.25 as compared to the previous trading day's close of $133.43.
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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $84.3 billion and is part of the aerospace/defense industry. Shares are down 7.7% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Boeing a buy, 2 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Boeing
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).