4 Stocks Pushing The Industrial Goods Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.

The Industrial Goods sector currently sits down 0.6% versus the S&P 500, which is down 0.2%. A company within the sector that increased today was Nidec Corporation ( NJ), up 1.1%. On the negative front, top decliners within the sector include PulteGroup ( PHM), down 2.6%, DR Horton ( DHI), down 2.4%, General Dynamics ( GD), down 2.4%, Lennar Corporation ( LEN), down 1.7% and Fluor Corporation ( FLR), down 1.7%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Belden ( BDC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Belden is up $1.86 (5.2%) to $37.38 on average volume Thus far, 87,592 shares of Belden exchanged hands as compared to its average daily volume of 205,500 shares. The stock has ranged in price between $36.60-$37.59 after having opened the day at $36.98 as compared to the previous trading day's close of $35.52.

Belden Inc. engages in the design, manufacture, and marketing of cable, connectivity, and networking products for the industrial, enterprise, broadcast, and consumer electronics markets. Its products provide the transmission of signals for data, sound, and video applications. Belden has a market cap of $1.7 billion and is part of the industrial industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 12.0% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Belden a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Belden as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Belden Ratings Report now.

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