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.

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3. As of noon trading, ABB ( ABB) is up $0.17 (0.7%) to $23.17 on average volume Thus far, 877,869 shares of ABB exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $23.17-$23.37 after having opened the day at $23.34 as compared to the previous trading day's close of $23.00.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $52.2 billion and is part of the industrial industry. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 9.4% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate ABB a buy, 1 analyst rates it a sell, and 1 rates 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, good cash flow from operations, 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 has had sub par growth in net income. Get the full ABB Ratings Report now.

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2. As of noon trading, Joy Global ( JOY) is up $2.63 (4.1%) to $66.17 on heavy volume Thus far, 5.1 million shares of Joy Global exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $64.25-$68.21 after having opened the day at $65.21 as compared to the previous trading day's close of $63.54.

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. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $6.8 billion and is part of the industrial industry. The company has a P/E ratio of 8.8, below the S&P 500 P/E ratio of 17.7. Shares are down 1.4% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Joy Global a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Joy Global as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Joy Global Ratings Report now.

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1. As of noon trading, Boeing ( BA) is up $0.69 (0.9%) to $75.34 on average volume Thus far, 2.7 million shares of Boeing exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $75.31-$76.25 after having opened the day at $75.64 as compared to the previous trading day's close of $74.65.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $56.7 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Boeing a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Boeing Ratings Report now.

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If you are interested in one of these 4 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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