Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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

Dow Jones Industrial Average

(

^DJI

) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is unchanged. A company within the sector that increased today was

Weyerhaeuser

(

WY

), up 1.3%. On the negative front, top decliners within the sector include

Waste Management

(

WM

), down 0.8%,

Raytheon

(

RTN

), down 0.8% and

Precision Castparts

(

PCP

), down 0.6%.

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 $0.29 (0.6%) to $47.19 on light volume. Thus far, 323,379 shares of Tenaris exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $46.90-$47.40 after having opened the day at $46.94 as compared to the previous trading day's close of $46.90.

Tenaris S.A., through its subsidiaries, is engaged in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $27.8 billion and is part of the metals & mining industry. Shares are up 7.3% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Tenaris a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Tenaris

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Tenaris Ratings Report

now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading,

Eaton

(

ETN

) is up $0.40 (0.5%) to $77.76 on average volume. Thus far, 1.6 million shares of Eaton exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $77.33-$78.35 after having opened the day at $77.37 as compared to the previous trading day's close of $77.36.

Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $36.8 billion and is part of the industrial industry. Shares are up 1.6% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Eaton a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Eaton

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Eaton Ratings Report

now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading,

General Electric

(

GE

) is up $0.21 (0.8%) to $26.61 on average volume. Thus far, 11.5 million shares of General Electric exchanged hands as compared to its average daily volume of 26.3 million shares. The stock has ranged in price between $26.34-$26.62 after having opened the day at $26.34 as compared to the previous trading day's close of $26.40.

General Electric Company operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $263.5 billion and is part of the industrial industry. Shares are down 5.8% year-to-date as of the close of trading on Tuesday. Currently there are 5 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

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full

General Electric Ratings Report

now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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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