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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 33 points (-0.2%) at 14,002 as of Wednesday, Feb. 20, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,057 issues advancing vs. 1,779 declining with 154 unchanged.

The Industrial Goods sector currently sits down 0.7% versus the S&P 500, which is down 0.5%. A company within the sector that increased today was Makita ( MKTAY), up 2.3%. On the negative front, top decliners within the sector include Owens Corning Incorporated ( OC), down 6.6%, PulteGroup ( PHM), down 4.2%, Lennar Corporation ( LEN), down 3.7%, Sherwin-Williams Company ( SHW), down 2.0% and Fluor Corporation ( FLR), down 2.1%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Clean Harbors ( CLH) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Clean Harbors is up $2.90 (5.8%) to $53.20 on heavy volume Thus far, 1.1 million shares of Clean Harbors exchanged hands as compared to its average daily volume of 652,000 shares. The stock has ranged in price between $51.00-$54.54 after having opened the day at $52.35 as compared to the previous trading day's close of $50.30.

Clean Harbors, Inc., through its subsidiaries, provides environmental, energy, and industrial services. Clean Harbors has a market cap of $2.7 billion and is part of the materials & construction industry. The company has a P/E ratio of 25.5, above the S&P 500 P/E ratio of 17.7. Shares are down 7.6% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Clean Harbors a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Clean Harbors 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 and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Clean Harbors Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you liked this article you might like

Hurricane Cleanup Could Make These Stocks Stealthy Winners, Analysts Say

Analysts' Actions -- Cognizant, Fitbit, Tempur Sealy, ViaSat and More

Clean Harbors (CLH) Weak On High Volume Today

Clean Harbors (CLH) Showing Signs Of Being Strong And Under The Radar

Insider Trading Alert - IBTX, SAFM And CLH Traded By Insiders