3 Industrial Goods Stocks On The Rise - TheStreet

One out of the three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 28 points (0.2%) at 17,783 as of Friday, Oct. 30, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,543 issues advancing vs. 1,349 declining with 225 unchanged.

The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the sector include

Cavco Industries

(

CVCO

), up 23.7%,

Progressive Waste Solutions

(

BIN

), up 9.1%,

Huntington Ingalls Industries

(

HII

), up 5.3%,

Flowserve

(

FLS

), up 4.1% and

Sherwin-Williams

(

SHW

), up 3.6%. A company within the sector that fell today was

General Dynamics

(

GD

), up 1.6%.

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

3.

Danaher

(

DHR

) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Danaher is up $0.63 (0.7%) to $93.67 on average volume. Thus far, 1.6 million shares of Danaher exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $92.32-$93.93 after having opened the day at $93.00 as compared to the previous trading day's close of $93.04.

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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher has a market cap of $62.8 billion and is part of the industrial industry. Shares are up 8.6% year-to-date as of the close of trading on Thursday. Currently there are 13 analysts who rate Danaher a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Danaher

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

Danaher Ratings Report

now.

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2. As of noon trading,

3M

(

MMM

) is up $0.95 (0.6%) to $158.56 on light volume. Thus far, 989,308 shares of 3M exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $157.38-$158.68 after having opened the day at $157.75 as compared to the previous trading day's close of $157.61.

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3M Company operates as a diversified technology company worldwide. 3M has a market cap of $97.9 billion and is part of the industrial industry. Shares are down 4.1% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate 3M a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

3M

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

3M Ratings Report

now.

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1. As of noon trading,

Caterpillar

(

CAT

) is up $0.56 (0.8%) to $72.53 on light volume. Thus far, 2.8 million shares of Caterpillar exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $71.63-$72.58 after having opened the day at $72.27 as compared to the previous trading day's close of $71.97.

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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 $42.4 billion and is part of the industrial industry. Shares are down 21.4% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Caterpillar a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates

Caterpillar

as a

hold

. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins. Get the full

Caterpillar 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

).