3 Stocks Boosting The Industrial Goods Sector Higher

TheStreet highlights 3 stocks pushing the industrial goods sector higher today.
By TheStreet Wire ,

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

Belden

(

BDC

), up 4.2%,

IDEX

(

IEX

), up 3.0% and

ABB

(

ABB

), up 0.7%. On the negative front, top decliners within the sector include

Tile Shop Holdings

(

TTS

), down 9.4%,

Cemex SAB de CV

(

CX

), down 3.5%,

Colfax

(

CFX

), down 2.5%,

Reliance Steel & Aluminum

(

RS

), down 2.4% and

Tenaris

(

TS

), down 2.3%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3.

TransDigm Group

(

TDG

) 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

buy

. 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,

General Dynamics

(

GD

) 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

buy

. 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,

Boeing

(

BA

) 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

buy

. 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

Boeing Ratings Report

now.

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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

Industrial Select Sector SPDR

(

XLI

) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30

(

DOG

).

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