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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3. As of noon trading, General Dynamics ( GD) is up $0.42 (0.7%) to $65.38 on light volume Thus far, 482,324 shares of General Dynamics exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $64.41-$65.45 after having opened the day at $64.48 as compared to the previous trading day's close of $64.96.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $23.0 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7. Shares are down 2.0% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate General Dynamics a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full General Dynamics Ratings Report now.

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2. As of noon trading, Danaher Corporation ( DHR) is up $0.34 (0.7%) to $52.56 on average volume Thus far, 2.2 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $52.05-$52.58 after having opened the day at $52.28 as compared to the previous trading day's close of $52.21.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services primarily in North America, Europe, and Asia/Australia. Danaher Corporation has a market cap of $36.5 billion and is part of the industrial industry. The company has a P/E ratio of 16.8, 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 Tuesday. Currently there are 13 analysts that rate Danaher Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Danaher Corporation Ratings Report now.

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1. As of noon trading, Eaton ( ETN) is up $0.63 (1.2%) to $51.68 on average volume Thus far, 2.0 million shares of Eaton exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $50.50-$52.11 after having opened the day at $50.87 as compared to the previous trading day's close of $51.05.

Eaton Corporation operates as a diversified power management company worldwide. Eaton has a market cap of $17.3 billion and is part of the industrial industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Eaton a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eaton as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Eaton Ratings Report now.

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If you are interested in one of these 4 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).

A reminder about TheStreet Ratings group: 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.
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