5 Industrial Goods Stocks Pushing Sector Growth

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 68 points (0.4%) at 15,371 as of Thursday, May 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,814 issues advancing vs. 1,135 declining with 104 unchanged.

The Industrial Goods sector currently sits up 0.7% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Nidec Corporation ( NJ), up 3.7%, L-3 Communications Holdings ( LLL), up 2.6%, Pall Corporation ( PLL), up 1.9%, Northrop Grumman ( NOC), up 1.9% and Republic Services ( RSG), up 1.8%.

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

5. General Dynamics ( GD) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, General Dynamics is up $1.06 (1.37) to $78.59 on light volume Thus far, 586,133 shares of General Dynamics exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $77.77-$78.76 after having opened the day at $77.79 as compared to the previous trading day's close of $77.53.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $27.5 billion and is part of the aerospace/defense industry. Shares are up 12.4% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate General Dynamics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full General Dynamics Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Danaher Corporation ( DHR) is up $0.34 (0.55) to $62.55 on light volume Thus far, 879,296 shares of Danaher Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $62.09-$62.63 after having opened the day at $62.45 as compared to the previous trading day's close of $62.21.

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 $43.4 billion and is part of the industrial industry. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 12.0% 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, impressive record of earnings per share growth, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Danaher Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, 3D Systems Corporation ( DDD) is up $1.84 (3.86) to $49.55 on heavy volume Thus far, 3.7 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $48.00-$50.00 after having opened the day at $48.07 as compared to the previous trading day's close of $47.71.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $4.4 billion and is part of the industrial industry. The company has a P/E ratio of 104.3, above the S&P 500 P/E ratio of 17.7. Shares are up 31.9% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate 3D Systems Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation as a buy. 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full 3D Systems Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Eaton Corporation ( ETN) is up $0.30 (0.45) to $67.54 on light volume Thus far, 647,134 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $67.11-$67.96 after having opened the day at $67.58 as compared to the previous trading day's close of $67.24.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $32.5 billion and is part of the electronics industry. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are up 26.7% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Eaton Corporation a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Eaton Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, United Technologies ( UTX) is up $0.70 (0.73) to $95.82 on average volume Thus far, 1.6 million shares of United Technologies exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $95.20-$96.18 after having opened the day at $95.44 as compared to the previous trading day's close of $95.12.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $88.2 billion and is part of the industrial industry. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 17.0% 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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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.
null

If you liked this article you might like

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

These 10 Stocks Are Helping Drive the Market Rally Monday

These 10 Stocks Are Helping Drive the Market Rally Monday

These Defense Stocks Are the Winners of Trump's New Defense Strategy

These Defense Stocks Are the Winners of Trump's New Defense Strategy

Investors Are Trying to Figure Out the 'Powell Put'

Investors Are Trying to Figure Out the 'Powell Put'

It's Bad, but It's Not a Crash: Cramer's 'Mad Money' Recap (Friday 2/2/18)

It's Bad, but It's Not a Crash: Cramer's 'Mad Money' Recap (Friday 2/2/18)