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 lower today with the

Dow Jones Industrial Average

(

^DJI

) trading down 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Industrial industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was

3D Systems

(

DDD

), up 2.2%. On the negative front, top decliners within the industry include

Emerson Electric

(

EMR

), down 1.3%,

Caterpillar

(

CAT

), down 1.1%,

Royal Philips

(

PHG

), down 0.8% and

ABB

(

ABB

), down 0.6%.

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

3.

Spectrum Brands Holdings

(

SPB

) is one of the companies pushing the Industrial industry higher today. As of noon trading, Spectrum Brands Holdings is up $3.11 (3.8%) to $84.75 on heavy volume. Thus far, 215,797 shares of Spectrum Brands Holdings exchanged hands as compared to its average daily volume of 277,300 shares. The stock has ranged in price between $81.00-$86.85 after having opened the day at $81.79 as compared to the previous trading day's close of $81.64.

Spectrum Brands Holdings, Inc., together with its subsidiaries, operates as a consumer products company worldwide. The company operates through Global Batteries & Appliances, Global Pet Supplies, Home and Garden Business, and Hardware & Home Improvement segments. Spectrum Brands Holdings has a market cap of $4.3 billion and is part of the consumer goods sector. Shares are up 15.7% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Spectrum Brands Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Spectrum Brands Holdings

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Spectrum Brands Holdings 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,

Illinois Tool Works

(

ITW

) is up $0.48 (0.6%) to $83.98 on average volume. Thus far, 1.2 million shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $83.63-$84.28 after having opened the day at $83.67 as compared to the previous trading day's close of $83.50.

Illinois Tool Works Inc. produces and sells engineered fasteners and components, equipment and consumable systems, and specialty products. Illinois Tool Works has a market cap of $35.0 billion and is part of the industrial goods sector. Shares are down 0.7% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Illinois Tool Works a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Illinois Tool Works

as a

buy

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

Illinois Tool Works 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,

Precision Castparts

(

PCP

) is up $1.56 (0.7%) to $232.97 on average volume. Thus far, 520,400 shares of Precision Castparts exchanged hands as compared to its average daily volume of 843,800 shares. The stock has ranged in price between $231.25-$233.69 after having opened the day at $232.43 as compared to the previous trading day's close of $231.41.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. It operates in three segments: Investment Cast Products, Forged Products, and Airframe Products. Precision Castparts has a market cap of $33.8 billion and is part of the industrial goods sector. Shares are down 14.1% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Precision Castparts

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

Precision Castparts 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 industry could consider

SPDR Dow Jones Industrial Average

(

DIA

) while those bearish on the industrial industry could consider

ProShares UltraShort Industrials

(

SIJ

).

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