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

Dow Jones Industrial Average

(

^DJI

) trading down 22.09 points (-0.1%) at 17,091 as of Wednesday, July 23, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 1,699 issues advancing vs. 1,279 declining with 158 unchanged.

The Industrial industry as a whole closed the day down 0.6% versus the S&P 500, which was up 0.2%. Top gainers within the Industrial industry included

Magnetek

(

MAG

), up 3.2%,

Marine Products

(

MPX

), up 8.7%,

Ideal Power

(

IPWR

), up 2.0%,

MFRI

(

MFRI

), up 3.3% and

Sifco Industries

(

SIF

), up 2.1%.

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

Ideal Power

(

IPWR

) is one of the companies that pushed the Industrial industry higher today. Ideal Power was up $0.15 (2.0%) to $7.80 on light volume. Throughout the day, 15,202 shares of Ideal Power exchanged hands as compared to its average daily volume of 28,600 shares. The stock ranged in a price between $7.51-$7.86 after having opened the day at $7.77 as compared to the previous trading day's close of $7.65.

Ideal Power has a market cap of $54.6 million and is part of the industrial goods sector. Shares are up 44.1% year-to-date as of the close of trading on Tuesday.

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Highlights from TheStreet Ratings analysis on IPWR go as follows:

You can view the full analysis from the report here:

Ideal Power Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close,

Marine Products

(

MPX

) was up $0.71 (8.7%) to $8.88 on heavy volume. Throughout the day, 66,239 shares of Marine Products exchanged hands as compared to its average daily volume of 19,400 shares. The stock ranged in a price between $8.63-$9.12 after having opened the day at $8.90 as compared to the previous trading day's close of $8.17.

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, and sport fishing markets worldwide. Marine Products has a market cap of $301.1 million and is part of the industrial goods sector. Shares are down 18.7% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Marine Products a buy, no analysts rate it a sell, and 2 rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings rates

Marine Products

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, compelling growth in net income, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from TheStreet Ratings analysis on MPX go as follows:

  • MPX's revenue growth has slightly outpaced the industry average of 1.5%. Since the same quarter one year prior, revenues slightly increased by 7.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • MPX has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.07, which illustrates the ability to avoid short-term cash problems.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Leisure Equipment & Products industry. The net income increased by 36.5% when compared to the same quarter one year prior, rising from $1.45 million to $1.98 million.
  • MARINE PRODUCTS CORP has improved earnings per share by 25.0% in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past two years indicate the company has sound management over its earnings and share float. We anticipate the company beginning to experience more growth in the coming year. During the past fiscal year, MARINE PRODUCTS CORP's EPS of $0.19 remained unchanged from the prior years' EPS of $0.19. This year, the market expects an improvement in earnings ($0.25 versus $0.19).
  • Net operating cash flow has increased to $9.33 million or 38.89% when compared to the same quarter last year. Despite an increase in cash flow of 38.89%, MARINE PRODUCTS CORP is still growing at a significantly lower rate than the industry average of 706.71%.

You can view the full analysis from the report here:

Marine Products Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Magnetek

(

MAG

) was another company that pushed the Industrial industry higher today. Magnetek was up $0.81 (3.2%) to $25.81 on average volume. Throughout the day, 8,673 shares of Magnetek exchanged hands as compared to its average daily volume of 6,300 shares. The stock ranged in a price between $24.62-$25.81 after having opened the day at $24.62 as compared to the previous trading day's close of $25.00.

Magnetek, Inc. provides digital power control systems to control motion and power primarily in material handling, elevator, and mining applications. Magnetek has a market cap of $79.5 million and is part of the industrial goods sector. Shares are up 4.3% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Magnetek a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Magnetek as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

Highlights from TheStreet Ratings analysis on MAG go as follows:

  • Compared to other companies in the Electrical Equipment industry and the overall market, MAGNETEK INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • MAG has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, MAG has a quick ratio of 2.29, which demonstrates the ability of the company to cover short-term liquidity needs.
  • MAGNETEK INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MAGNETEK INC reported lower earnings of $1.12 versus $2.14 in the prior year. This year, the market expects an improvement in earnings ($1.61 versus $1.12).
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 5.4%. Since the same quarter one year prior, revenues slightly dropped by 3.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • The gross profit margin for MAGNETEK INC is currently lower than what is desirable, coming in at 34.65%. Regardless of MAG's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 4.37% trails the industry average.

You can view the full analysis from the report here:

Magnetek Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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.