5 Stocks Pushing The Industrial Industry 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.

The Industrial industry currently sits up 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Makita ( MKTAY), up 3.9%, Reliance Steel and Aluminum ( RS), up 2.3%, CNH Global ( CNH), up 1.2%, ABB ( ABB), up 0.9% and Parker Hannifin Corporation ( PH), up 0.8%. A company within the industry that fell today was Nidec Corporation ( NJ), up 0.7%.

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

5. Joy Global ( JOY) is one of the companies pushing the Industrial industry higher today. As of noon trading, Joy Global is up $1.36 (2.2%) to $61.76 on heavy volume Thus far, 1.9 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $60.21-$62.79 after having opened the day at $60.28 as compared to the previous trading day's close of $60.40.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $6.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 8.4, below the S&P 500 P/E ratio of 17.7. Shares are down 19.7% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Joy Global a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Joy Global Ratings Report now.

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4. As of noon trading, Emerson Electric ( EMR) is up $0.34 (0.7%) to $52.00 on light volume Thus far, 1.1 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $51.40-$52.06 after having opened the day at $51.40 as compared to the previous trading day's close of $51.66.

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 $37.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.3, above the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 12 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 notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Emerson Electric Ratings Report now.

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3. As of noon trading, Eaton Corporation ( ETN) is up $0.72 (1.4%) to $52.40 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 $51.53-$52.76 after having opened the day at $51.53 as compared to the previous trading day's close of $51.68.

Eaton Corporation operates as a diversified power management company worldwide. Eaton Corporation has a market cap of $17.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7. Shares are up 18.7% year to date as of the close of trading on Thursday. 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, increase in stock price during the past year, 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 weak operating cash flow. Get the full Eaton Corporation Ratings Report now.

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2. As of noon trading, Cummins ( CMI) is up $1.14 (1.1%) to $106.62 on light volume Thus far, 729,947 shares of Cummins exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $105.27-$107.38 after having opened the day at $105.27 as compared to the previous trading day's close of $105.48.

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 $20.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 20.3% year to date as of the close of trading on Thursday. Currently there are 8 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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1. As of noon trading, Caterpillar ( CAT) is up $0.59 (0.7%) to $88.95 on light volume Thus far, 2.5 million shares of Caterpillar exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $88.32-$89.50 after having opened the day at $88.50 as compared to the previous trading day's close of $88.36.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $57.5 billion and is part of the conglomerates sector. The company has a P/E ratio of 9.0, below the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. 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 Caterpillar 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 industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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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