3 Stocks Pushing The Industrial Goods Sector Higher
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 123 points (0.7%) at 18,349 as of Tuesday, July 12, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,303 issues advancing vs. 681 declining with 114 unchanged.
The Industrial Goods sector currently sits up 1.6% versus the S&P 500, which is up 0.8%. Top gainers within the sector include
(
), up 3.6%,
(
), up 2.7%,
(
), up 2.5%,
(
), up 2.5% and
(
), up 2.4%.
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, United Technologies is up $0.58 (0.6%) to $104.54 on average volume. Thus far, 1.6 million shares of United Technologies exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $104.09-$105.06 after having opened the day at $104.25 as compared to the previous trading day's close of $103.96.
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United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. United Technologies has a market cap of $86.7 billion and is part of the aerospace/defense industry. Shares are up 8.2% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate United Technologies a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
United Technologies
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
United Technologies Ratings Report
now.
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2. As of noon trading,
(
) is up $1.60 (2.1%) to $79.40 on average volume. Thus far, 2.3 million shares of Caterpillar exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $78.30-$79.40 after having opened the day at $78.74 as compared to the previous trading day's close of $77.80.
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Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $45.2 billion and is part of the industrial industry. Shares are up 14.5% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Caterpillar a buy, 1 analyst rates it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Caterpillar
as a
. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full
now.
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1. As of noon trading,
(
) is up $0.24 (0.8%) to $32.45 on average volume. Thus far, 16.0 million shares of General Electric exchanged hands as compared to its average daily volume of 33.0 million shares. The stock has ranged in price between $32.13-$32.49 after having opened the day at $32.31 as compared to the previous trading day's close of $32.21.
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General Electric Company (GE) operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $296.1 billion and is part of the industrial industry. Shares are up 3.4% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate General Electric a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
General Electric
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins. Get the full
General Electric 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
(
) while those bearish on the industrial goods sector could consider
(
).