5 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 115 points (0.8%) at 14,816 as of Thursday, May 2, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,190 issues advancing vs. 733 declining with 109 unchanged.

The Industrial Goods sector currently sits up 1.3% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Generac Holdings ( GNRC), up 9.4%, Quanta Services ( PWR), up 6.9%, Vulcan Materials Company ( VMC), up 5.1%, Masco Corporation ( MAS), up 4.0% and PulteGroup ( PHM), up 3.6%.

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

5. Deere ( DE) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Deere is up $1.57 (1.79) to $89.34 on light volume Thus far, 1.1 million shares of Deere exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $87.87-$89.49 after having opened the day at $88.19 as compared to the previous trading day's close of $87.77.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $34.8 billion and is part of the industrial industry. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Deere a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and increase in stock price during the past year. 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 Deere Ratings Report now.

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