NEW YORK ( TheStreet) -- According to data compiled by Bloomberg, companies on the S&P 500 Index are likely to report revenue increases of 10% in 2011, doubling from 5.2% in 2010, boosted by a recovery in personal income and spending. Additionally, capital spending by these companies is seen expanding 21% in 2011. These revenue gains may further push the Index's profits to $99.08 per share, growing 17% from 2010.Meanwhile, in a separate development, industry estimates predict a marginal acceleration in growth during the second half of 2011, with opportunities in the technology, industrials, and healthcare sectors. Barry Knapp, head of U.S. equity strategy at Barclays Capital, said that the nonfinancial corporate sector is witnessing robust recovery in profit and relative valuations are attractive. Knapp further adds that fundamental drivers like analysts' earnings estimate revisions and expanding margins impart greater strength to companies in the industrial sector. Furthermore, capital investment is expected to be robust through the year, supporting the growth rate. Meanwhile, the Industrial SPDR ETF ( XLI) has gained almost 32% during the past full year, and has grown 4.6% year-to-date. These eight stocks from the industrial sector have potential upsides ranging from 11% to 14%. These stocks have no sell ratings and are analysts' favorites. The average buy and hold ratings for these stocks is 61% and 39%, respectively, based on a Bloomberg consensus. The stocks are stacked based on upside, great to greatest.