5 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 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Foster Wheeler ( FWLT), up 2.3%, ABB ( ABB), up 1.2%, Vulcan Materials Company ( VMC), up 0.8%, Kubota Corporation ( KUB), up 0.9% and CNH Global ( CNH), up 0.8%. On the negative front, top decliners within the sector include DR Horton ( DHI), down 1.5%, Masco Corporation ( MAS), down 1.0% and Fastenal Company ( FAST), down 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Flowserve Corporation ( FLS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Flowserve Corporation is up $1.04 (0.8%) to $139.64 on light volume Thus far, 182,834 shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 501,200 shares. The stock has ranged in price between $139.08-$141.29 after having opened the day at $139.73 as compared to the previous trading day's close of $138.60.

Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. Flowserve Corporation has a market cap of $6.9 billion and is part of the industrial industry. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 39.5% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Flowserve Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

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

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4. As of noon trading, Northrop Grumman ( NOC) is up $0.78 (1.2%) to $66.57 on light volume Thus far, 432,659 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $65.50-$66.62 after having opened the day at $65.78 as compared to the previous trading day's close of $65.79.

Northrop Grumman Corporation provides products, services, and solutions in aerospace, electronics, information systems, and technical services worldwide. Northrop Grumman has a market cap of $16.4 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 8.6, below the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Northrop Grumman a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, 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 Northrop Grumman Ratings Report now.

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3. As of noon trading, General Dynamics ( GD) is up $0.45 (0.7%) to $66.14 on light volume Thus far, 389,404 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 $65.58-$66.52 after having opened the day at $65.68 as compared to the previous trading day's close of $65.69.

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 $23.5 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 0.1% year to date as of the close of trading on Monday. 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, Parker Hannifin Corporation ( PH) is up $0.80 (1.0%) to $81.10 on light volume Thus far, 307,712 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $80.15-$81.44 after having opened the day at $80.48 as compared to the previous trading day's close of $80.30.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $12.3 billion and is part of the industrial industry. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 3 rate it a hold.

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

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1. As of noon trading, Lockheed Martin Corporation ( LMT) is up $0.46 (0.5%) to $92.01 on light volume Thus far, 557,072 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $91.25-$92.21 after having opened the day at $91.36 as compared to the previous trading day's close of $91.55.

Lockheed Martin Corporation engages in the research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products in the United States and internationally. Lockheed Martin Corporation has a market cap of $30.2 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are up 13.2% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Lockheed Martin Corporation a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Lockheed Martin Corporation Ratings Report now.

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If you are interested in one of these 5 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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