5 Industrial Goods Stocks Driving 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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Chart Industries ( GTLS), up 8.3%, Embraer S.A ( ERJ), up 5.6%, AGCO ( AGCO), up 4.6%, Danaher Corporation ( DHR), up 1.5% and Republic Services ( RSG), up 1.6%. On the negative front, top decliners within the sector include CNH Global ( CNH), down 7.60, Cummins ( CMI), down 5.86, PulteGroup ( PHM), down 2.55, DR Horton ( DHI), down 2.38 and Ingersoll-Rand ( IR), down 1.40.

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

5. Stratasys ( SSYS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Stratasys is up $3.70 (4.68) to $82.70 on average volume Thus far, 422,837 shares of Stratasys exchanged hands as compared to its average daily volume of 816,300 shares. The stock has ranged in price between $78.32-$82.80 after having opened the day at $79.47 as compared to the previous trading day's close of $79.00.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $2.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 212.8, above the S&P 500 P/E ratio of 17.7. Shares are down 4.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates Stratasys as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Stratasys Ratings Report now.

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