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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 67 points (0.5%) at 13,019 as of Wednesday, Dec. 5, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,464 issues advancing vs. 1,407 declining with 149 unchanged.

The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is up 0.0%. Top gainers within the sector include Waste Management ( WM), up 2.2%, Joy Global ( JOY), up 2.4% and Nidec Corporation ( NJ), up 1.5%. On the negative front, top decliners within the sector include Toll Brothers ( TOL), down 3.1%, NVR ( NVR), down 2.7%, Weyerhaeuser ( WY), down 2.5%, Masco Corporation ( MAS), down 2.0% and DR Horton ( DHI), down 1.7%.

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

5. ABB ( ABB) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, ABB is up $0.11 (0.6%) to $19.77 on light volume Thus far, 572,730 shares of ABB exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $19.68-$19.78 after having opened the day at $19.76 as compared to the previous trading day's close of $19.66.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $44.6 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 3.2% 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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4. As of noon trading, Emerson Electric ( EMR) is up $0.47 (0.9%) to $50.21 on light volume Thus far, 1.1 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $49.83-$50.25 after having opened the day at $49.84 as compared to the previous trading day's close of $49.74.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $35.9 billion and is part of the industrial industry. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 6.5% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins 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 Emerson Electric Ratings Report now.

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3. As of noon trading, Cummins ( CMI) is up $3.37 (3.5%) to $100.68 on average volume Thus far, 1.4 million shares of Cummins exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $98.00-$101.15 after having opened the day at $98.37 as compared to the previous trading day's close of $97.31.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $18.5 billion and is part of the industrial industry. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Cummins a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cummins 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 Cummins Ratings Report now.

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2. As of noon trading, Deere ( DE) is up $0.48 (0.6%) to $83.98 on light volume Thus far, 1.0 million shares of Deere exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $83.38-$84.29 after having opened the day at $83.96 as compared to the previous trading day's close of $83.50.

Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $32.6 billion and is part of the industrial industry. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are up 8.0% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Deere a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Deere Ratings Report now.

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1. As of noon trading, General Electric ( GE) is up $0.13 (0.6%) to $20.99 on light volume Thus far, 10.9 million shares of General Electric exchanged hands as compared to its average daily volume of 45.3 million shares. The stock has ranged in price between $20.86-$21.00 after having opened the day at $20.91 as compared to the previous trading day's close of $20.86.

General Electric Company operates as a technology and financial services company worldwide. General Electric has a market cap of $218.3 billion and is part of the industrial industry. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate General Electric a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, increase in net income, solid stock price performance and expanding profit margins. 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 General Electric 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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