3 Stocks Raising The Industrial Goods Sector Higher
One out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading down 56 points (-0.3%) at 17,863 as of Thursday, July 7, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,647 issues advancing vs. 1,277 declining with 139 unchanged.
The Industrial Goods sector currently sits up 0.4% versus the S&P 500, which is unchanged. Top gainers within the sector include
(
), up 2.4%, and
(
), up 0.8%. A company within the sector that fell today was
(
), up 0.9%.
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, Illinois Tool Works is up $0.63 (0.6%) to $105.80 on average volume. Thus far, 595,875 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $104.99-$106.30 after having opened the day at $105.36 as compared to the previous trading day's close of $105.17.
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Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products. Illinois Tool Works has a market cap of $37.7 billion and is part of the industrial industry. Shares are up 13.5% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Illinois Tool Works a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Illinois Tool Works
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
Illinois Tool Works Ratings Report
now.
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2. As of noon trading,
(
) is up $0.66 (1.3%) to $52.33 on average volume. Thus far, 1.9 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $51.74-$52.41 after having opened the day at $51.75 as compared to the previous trading day's close of $51.67.
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Emerson Electric Co. designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $33.6 billion and is part of the industrial industry. Shares are up 8.0% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Emerson Electric a buy, 2 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Emerson Electric
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, 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 has had sub par growth in net income. Get the full
Emerson Electric Ratings Report
now.
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1. As of noon trading,
(
) is up $0.22 (0.7%) to $31.96 on average volume. Thus far, 18.7 million shares of General Electric exchanged hands as compared to its average daily volume of 33.1 million shares. The stock has ranged in price between $31.80-$32.10 after having opened the day at $31.81 as compared to the previous trading day's close of $31.74.
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General Electric Company (GE) operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $289.6 billion and is part of the industrial industry. Shares are up 1.9% year-to-date as of the close of trading on Wednesday. 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.
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
(
).