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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.0%. Top gainers within the sector include Sauer-Danfoss ( SHS), up 26.5%, Stanley Black & Decker ( SWK), up 2.3%, Dover Corporation ( DOV), up 1.8%, Tyco International ( TYC), up 1.2% and Cemex S.A.B. de C.V ( CX), up 1.1%. On the negative front, top decliners within the sector include Embraer S.A ( ERJ), down 3.6%, Makita ( MKTAY), down 2.6%, Masco Corporation ( MAS), down 1.4%, Nidec Corporation ( NJ), down 1.4% and Cummins ( CMI), down 0.4%.

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

4. ABB ( ABB) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, ABB is up $0.18 (0.9%) to $19.04 on light volume Thus far, 739,934 shares of ABB exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $18.77-$19.06 after having opened the day at $18.81 as compared to the previous trading day's close of $18.86.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $43.3 billion and is part of the industrial industry. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate ABB a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year 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 ABB Ratings Report now.

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