All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 61 points (-0.4%) at 16,838 as of Thursday, March 3, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,819 issues advancing vs. 1,100 declining with 146 unchanged.

The Industrial Goods sector currently sits up 0.8% versus the S&P 500, which is down 0.4%. Top gainers within the sector include

Caterpillar

(

CAT

), up 2.7%,

CNH Industrial

(

CNHI

), up 2.5%,

Cummins

(

CMI

), up 2.0%,

Deere

(

DE

), up 1.2% and

ABB

(

ABB

), up 1.2%. A company within the sector that fell today was

Rockwell Automation

(

ROK

), up 1.1%.

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

3.

Colfax

(

CFX

) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Colfax is up $1.08 (4.1%) to $27.59 on average volume. Thus far, 735,866 shares of Colfax exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $26.57-$27.71 after having opened the day at $26.58 as compared to the previous trading day's close of $26.51.

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Colfax Corporation, an industrial manufacturing and engineering company, provides gas- and fluid-handling, and fabrication technology products and services worldwide. The company operates in two segments, Gas- and Fluid-Handling, and Fabrication Technology. Colfax has a market cap of $3.2 billion and is part of the industrial industry. Shares are up 13.5% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Colfax a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Colfax

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full

Colfax Ratings Report

now.

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2. As of noon trading,

Joy Global

(

JOY

) is up $2.13 (16.0%) to $15.45 on heavy volume. Thus far, 7.0 million shares of Joy Global exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $12.90-$16.18 after having opened the day at $12.94 as compared to the previous trading day's close of $13.32.

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Joy Global Inc. manufactures and services mining equipment for extraction of coal, copper, iron ore, oil sands, gold, and other minerals and ores worldwide. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $1.3 billion and is part of the industrial industry. Shares are up 6.0% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Joy Global a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Joy Global

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full

Joy Global Ratings Report

now.

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1. As of noon trading,

Tenaris

(

TS

) is up $0.60 (2.7%) to $22.87 on light volume. Thus far, 1.0 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 $22.50-$22.93 after having opened the day at $22.75 as compared to the previous trading day's close of $22.27.

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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 $13.0 billion and is part of the metals & mining industry. Shares are down 6.4% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Tenaris a buy, 2 analysts rate it a sell, and 3 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 disappointing return on equity, poor profit margins and weak operating cash flow. Get the full

Tenaris 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

).