5 Industrial Goods Stocks Pushing The 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 78 points (-0.5%) at 14,583 as of Wednesday, April 3, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 720 issues advancing vs. 2,193 declining with 115 unchanged.

The Industrial Goods sector currently sits down 1.0% versus the S&P 500, which is down 0.7%. Top gainers within the sector include Raytheon Company ( RTN), up 1.4%, Illinois Tool Works ( ITW), up 0.7%, Deere ( DE), up 0.5% and Emerson Electric ( EMR), up 0.6%. On the negative front, top decliners within the sector include Kubota Corporation ( KUB), down 3.3%, Fluor Corporation ( FLR), down 2.8%, ABB ( ABB), down 1.3%, General Electric ( GE), down 0.9% and Danaher Corporation ( DHR), down 0.9%.

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

5. Northrop Grumman ( NOC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Northrop Grumman is up $0.77 (1.1%) to $70.17 on average volume Thus far, 825,161 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $69.41-$70.26 after having opened the day at $69.41 as compared to the previous trading day's close of $69.40.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $16.6 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 9.0, below the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Northrop Grumman a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Northrop Grumman Ratings Report now.

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4. As of noon trading, General Dynamics ( GD) is up $1.26 (1.9%) to $68.26 on average volume Thus far, 1.4 million shares of General Dynamics exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $66.87-$68.63 after having opened the day at $67.11 as compared to the previous trading day's close of $67.00.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $24.1 billion and is part of the aerospace/defense industry. Shares are down 3.3% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate General Dynamics a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full General Dynamics Ratings Report now.

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3. As of noon trading, Lockheed Martin Corporation ( LMT) is up $0.40 (0.4%) to $95.41 on average volume Thus far, 1.1 million shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $95.04-$96.46 after having opened the day at $95.21 as compared to the previous trading day's close of $95.01.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. Lockheed Martin Corporation has a market cap of $30.6 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Lockheed Martin Corporation a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. Get the full Lockheed Martin Corporation Ratings Report now.

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2. As of noon trading, United Technologies ( UTX) is up $0.76 (0.8%) to $93.75 on average volume Thus far, 1.7 million shares of United Technologies exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $93.01-$93.97 after having opened the day at $93.15 as compared to the previous trading day's close of $92.99.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $85.3 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate United Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

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

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1. As of noon trading, Boeing ( BA) is up $0.96 (1.2%) to $85.06 on light volume Thus far, 1.7 million shares of Boeing exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $84.07-$85.35 after having opened the day at $84.30 as compared to the previous trading day's close of $84.09.

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 $64.6 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 11.6% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Boeing a buy, 1 analyst rates 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, good cash flow from operations 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 Boeing 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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