3 Industrial Goods Stocks Nudging 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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Industrial Goods sector currently sits down 0.32 versus the S&P 500, which is down 0.48. A company within the sector that increased today was Sherwin-Williams Company ( SHW), up 2.16. On the negative front, top decliners within the sector include James Hardie Industries ( JHX), down 3.88, PulteGroup ( PHM), down 3.56, Lennar Corporation ( LEN), down 3.08, Vulcan Materials Company ( VMC), down 2.87 and DR Horton ( DHI), down 2.98.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. CNH Global ( CNH) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, CNH Global is up $0.54 (1.38) to $39.61 on average volume Thus far, 246,151 shares of CNH Global exchanged hands as compared to its average daily volume of 498,300 shares. The stock has ranged in price between $38.89-$39.61 after having opened the day at $39.28 as compared to the previous trading day's close of $39.07.

CNH Global N.V. manufactures, markets, and distributes a line of agricultural and construction equipment and parts worldwide. The company operates in three segments: Agricultural Equipment, Construction Equipment, and Financial Services. CNH Global has a market cap of $9.8 billion and is part of the industrial industry. The company has a P/E ratio of 8.6, below the S&P 500 P/E ratio of 17.7. Shares are down 3.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates CNH Global as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, increase in net income 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 CNH Global Ratings Report now.

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