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.

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include

Nidec

(

NJ

), up 2.7%,

Darling Ingredients

(

DAR

), up 2.1%,

DR Horton

(

DHI

), up 1.7%,

Weyerhaeuser

(

WY

), up 0.9% and

Tenaris

(

TS

), up 0.9%. On the negative front, top decliners within the sector include

Generac Holdings

(

GNRC

), down 3.8%,

Xylem

(

XYL

), down 3.0%,

Rexnord

(

RXN

), down 2.8%,

Vulcan Materials

(

VMC

), down 1.8% and

Pall Corporation

(

PLL

), down 1.1%.

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

3.

Alliant Techsystems

(

ATK

) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Alliant Techsystems is up $2.19 (1.8%) to $125.18 on average volume. Thus far, 200,968 shares of Alliant Techsystems exchanged hands as compared to its average daily volume of 417,200 shares. The stock has ranged in price between $122.45-$125.55 after having opened the day at $122.94 as compared to the previous trading day's close of $122.99.

Alliant Techsystems Inc. develops and produces aerospace, defense, and commercial products to the U.S. government, allied nations, and prime contractors in the United States, Puerto Rico, and internationally. Alliant Techsystems has a market cap of $4.0 billion and is part of the aerospace/defense industry. Shares are up 1.3% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Alliant Techsystems a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Alliant Techsystems

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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

Alliant Techsystems 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,

Rockwell Collins

(

COL

) is up $0.97 (1.2%) to $78.58 on average volume. Thus far, 324,050 shares of Rockwell Collins exchanged hands as compared to its average daily volume of 695,100 shares. The stock has ranged in price between $77.69-$78.63 after having opened the day at $77.99 as compared to the previous trading day's close of $77.61.

Rockwell Collins, Inc. designs, produces, and supports communications and aviation electronics for commercial and military customers worldwide. It operates in two segments, Government Systems and Commercial Systems. Rockwell Collins has a market cap of $10.5 billion and is part of the aerospace/defense industry. Shares are up 5.0% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Rockwell Collins a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Rockwell Collins

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Rockwell Collins 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,

Lockheed Martin

(

LMT

) is up $1.76 (1.1%) to $162.53 on average volume. Thus far, 742,993 shares of Lockheed Martin exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $160.58-$162.57 after having opened the day at $161.12 as compared to the previous trading day's close of $160.77.

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. Lockheed Martin has a market cap of $51.7 billion and is part of the aerospace/defense industry. Shares are up 9.0% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Lockheed Martin a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates

Lockheed Martin

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. 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

Lockheed Martin 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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