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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 17 points (0.1%) at 13,052 as of Thursday, Dec. 6, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,459 issues advancing vs. 1,413 declining with 145 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Heico Corporation ( HEI.A), up 8.1%, Nidec Corporation ( NJ), up 2.6%, CAE ( CAE), up 2.1%, Toll Brothers ( TOL), up 1.5% and Weyerhaeuser ( WY), up 1.4%. On the negative front, top decliners within the sector include Kubota Corporation ( KUB), down 2.0%, Embraer S.A ( ERJ), down 1.4%, Masco Corporation ( MAS), down 1.3%, Cummins ( CMI), down 1.2% and General Dynamics ( GD), down 1.2%.

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

5. Heico Corporation ( HEI) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Heico Corporation is up $2.88 (7.4%) to $42.01 on light volume Thus far, 53,115 shares of Heico Corporation exchanged hands as compared to its average daily volume of 141,900 shares. The stock has ranged in price between $41.26-$42.29 after having opened the day at $41.62 as compared to the previous trading day's close of $39.13.

HEICO Corporation, through its subsidiaries, engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services in the United States and internationally. Heico Corporation has a market cap of $903.6 million and is part of the aerospace/defense industry. The company has a P/E ratio of 28.2, above the S&P 500 P/E ratio of 17.7. Shares are down 9.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Heico Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Heico Corporation 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, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Heico Corporation Ratings Report now.

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4. As of noon trading, Chart Industries ( GTLS) is up $2.04 (3.4%) to $61.80 on average volume Thus far, 318,291 shares of Chart Industries exchanged hands as compared to its average daily volume of 442,600 shares. The stock has ranged in price between $59.67-$62.32 after having opened the day at $60.04 as compared to the previous trading day's close of $59.76.

Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States, the Czech Republic, China, and internationally. Chart Industries has a market cap of $1.8 billion and is part of the industrial industry. The company has a P/E ratio of 30.4, above the S&P 500 P/E ratio of 17.7. Shares are up 10.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Chart Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Chart Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Chart Industries Ratings Report now.

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3. As of noon trading, Textron ( TXT) is up $0.25 (1.1%) to $23.42 on light volume Thus far, 715,483 shares of Textron exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $23.02-$23.42 after having opened the day at $23.16 as compared to the previous trading day's close of $23.17.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. Its Cessna segment manufactures business jets, single engine utility turboprops, single engine piston aircraft, lift solutions, and parts, as well as maintenance, inspection, and repair services. Textron has a market cap of $6.5 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are up 24.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Textron a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Textron 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, solid stock price performance and notable return on equity. 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 Textron Ratings Report now.

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2. As of noon trading, Fluor Corporation ( FLR) is up $1.12 (2.1%) to $54.62 on average volume Thus far, 739,800 shares of Fluor Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $53.49-$54.65 after having opened the day at $53.49 as compared to the previous trading day's close of $53.50.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. Fluor Corporation has a market cap of $8.9 billion and is part of the materials & construction industry. The company has a P/E ratio of 14.9, below 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 Wednesday. Currently there are 14 analysts that rate Fluor Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Fluor Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Fluor Corporation Ratings Report now.

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1. As of noon trading, Eaton Corporation ( ETN) is up $0.27 (0.5%) to $51.45 on light volume Thus far, 1.3 million shares of Eaton Corporation exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $50.74-$51.48 after having opened the day at $51.11 as compared to the previous trading day's close of $51.18.

Eaton Corporation operates as a diversified power management company worldwide. Eaton Corporation 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 17.6% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Eaton Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Eaton Corporation 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 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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