All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 4 points (0.0%) at 16,773 as of Tuesday, Oct. 6, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,538 issues advancing vs. 1,434 declining with 163 unchanged.

The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is down 0.7%. On the negative front, top decliners within the sector include

Owens-Corning

(

OC

), down 5.8%,

Martin Marietta Materials

(

MLM

), down 4.1%,

Vulcan Materials

(

VMC

), down 4.0%,

Mohawk Industries

(

MHK

), down 2.6% and

Nidec

(

NJ

), down 2.5%.

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

3.

Tenaris

(

TS

) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Tenaris is up $0.54 (2.0%) to $27.14 on average volume. Thus far, 1.8 million shares of Tenaris exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $26.69-$27.48 after having opened the day at $26.78 as compared to the previous trading day's close of $26.60.

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Tenaris S.A., through its subsidiaries, manufactures and supplies steel pipe products and related services for the energy and other industrial applications. Tenaris has a market cap of $15.2 billion and is part of the metals & mining industry. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 24.6. Shares are down 11.9% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Tenaris a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Tenaris

as a

hold

. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full

Tenaris Ratings Report

now.

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2. As of noon trading,

Caterpillar

(

CAT

) is up $1.54 (2.2%) to $70.72 on average volume. Thus far, 5.1 million shares of Caterpillar exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $69.08-$70.94 after having opened the day at $69.54 as compared to the previous trading day's close of $69.18.

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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 $39.6 billion and is part of the industrial industry. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 24.6. Shares are down 24.4% year-to-date as of the close of trading on Monday. 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

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full

Caterpillar Ratings Report

now.

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1. As of noon trading,

General Electric

(

GE

) is up $0.36 (1.4%) to $27.18 on heavy volume. Thus far, 37.8 million shares of General Electric exchanged hands as compared to its average daily volume of 36.7 million shares. The stock has ranged in price between $26.96-$27.40 after having opened the day at $26.99 as compared to the previous trading day's close of $26.82.

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General Electric Company operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $257.2 billion and is part of the industrial industry. The company has a P/E ratio of 49.9, above the S&P 500 P/E ratio of 24.6. Shares are up 6.1% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate General Electric a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

General Electric

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. 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

Industrial Select Sector SPDR

(

XLI

) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30

(

DOG

).