3 Industrial Stocks Pushing The Industry 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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 1 points (0.0%) at 15,277 as of Thursday, May 16, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,398 issues advancing vs. 1,509 declining with 138 unchanged.

The Industrial industry currently is unchanged today versus the S&P 500, which is down 0.10. On the negative front, top decliners within the industry include ABB ( ABB), down 0.54, and Siemens ( SI), down 0.53.

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

3. CNH Global ( CNH) is one of the companies pushing the Industrial industry higher today. As of noon trading, CNH Global is up $0.35 (0.82) to $42.83 on light volume Thus far, 88,821 shares of CNH Global exchanged hands as compared to its average daily volume of 520,300 shares. The stock has ranged in price between $42.26-$43.04 after having opened the day at $42.35 as compared to the previous trading day's close of $42.48.

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 $10.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 8.9, below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates CNH Global a buy, no analysts rate it a sell, and 4 rate it a hold.

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

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.

2. As of noon trading, Joy Global ( JOY) is up $0.93 (1.66) to $57.04 on average volume Thus far, 1.1 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $55.71-$57.24 after having opened the day at $56.03 as compared to the previous trading day's close of $56.11.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $6.0 billion and is part of the industrial goods sector. The company has a P/E ratio of 42.7, above the S&P 500 P/E ratio of 17.7. Shares are down 12.0% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Joy Global a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. Get the full Joy Global 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, Danaher Corporation ( DHR) is up $0.52 (0.83) to $62.58 on heavy volume Thus far, 2.1 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $61.74-$62.85 after having opened the day at $61.76 as compared to the previous trading day's close of $62.06.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services primarily in North America, Europe, and Asia/Australia. Danaher Corporation has a market cap of $42.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 17.8, equal to 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 Danaher Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Danaher Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Danaher Corporation 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 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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.

null

More from Markets

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2