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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4. As of noon trading, Honeywell International ( HON) is up $1.10 (1.52) to $73.63 on light volume Thus far, 1.2 million shares of Honeywell International exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $72.81-$73.83 after having opened the day at $72.83 as compared to the previous trading day's close of $72.53.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $57.9 billion and is part of the industrial industry. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are up 14.3% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Honeywell International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Honeywell International as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Honeywell International Ratings Report now.

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3. As of noon trading, United Technologies ( UTX) is up $0.84 (0.92) to $91.89 on average volume Thus far, 1.4 million shares of United Technologies exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $91.29-$92.10 after having opened the day at $91.29 as compared to the previous trading day's close of $91.05.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $83.9 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are up 11.0% year to date as of the close of trading on Wednesday. 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, growth in earnings per share, compelling growth 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 weak operating cash flow. Get the full United Technologies Ratings Report now.

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2. As of noon trading, Boeing ( BA) is up $0.98 (1.07) to $92.16 on average volume Thus far, 2.5 million shares of Boeing exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $91.20-$92.82 after having opened the day at $91.24 as compared to the previous trading day's close of $91.18.

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 $69.4 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 21.0% year to date as of the close of trading on Wednesday. Currently there are 17 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 solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Boeing Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, Caterpillar ( CAT) is up $1.08 (1.30) to $84.16 on average volume Thus far, 3.0 million shares of Caterpillar exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $83.10-$84.35 after having opened the day at $83.34 as compared to the previous trading day's close of $83.08.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $55.7 billion and is part of the industrial industry. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are down 7.3% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 8 rate it a hold.

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

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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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