Today's Stocks Driving Success For The Industrial Industry

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Industrial industry currently sits down 0.32 versus the S&P 500, which is down 0.17. A company within the industry that increased today was ABB ( ABB), up 0.53. A company within the industry that fell today was Nidec Corporation ( NJ), up 2.04.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Idex Corporation ( IEX) is one of the companies pushing the Industrial industry higher today. As of noon trading, Idex Corporation is up $0.79 (1.46) to $54.84 on heavy volume Thus far, 343,330 shares of Idex Corporation exchanged hands as compared to its average daily volume of 323,400 shares. The stock has ranged in price between $53.87-$54.95 after having opened the day at $54.11 as compared to the previous trading day's close of $54.05.

IDEX Corporation manufactures and sells various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. Idex Corporation has a market cap of $4.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 94.5, above the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Idex Corporation a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Idex 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, expanding profit margins, increase in net income 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 Idex 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, Mohawk Industries ( MHK) is up $2.09 (1.82) to $116.80 on average volume Thus far, 361,081 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 742,200 shares. The stock has ranged in price between $114.57-$116.90 after having opened the day at $114.57 as compared to the previous trading day's close of $114.71.

Mohawk Industries, Inc., together with its subsidiaries, produces floor covering products for residential and commercial applications in the United States and for residential applications in Europe. The company operates through three segments: Mohawk, Dal-Tile, and Unilin. Mohawk Industries has a market cap of $8.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 30.2, above the S&P 500 P/E ratio of 17.7. Shares are up 26.8% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Mohawk Industries 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Mohawk Industries 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, Joy Global ( JOY) is up $0.63 (1.19) to $53.67 on light volume Thus far, 749,692 shares of Joy Global exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $53.02-$53.96 after having opened the day at $53.25 as compared to the previous trading day's close of $53.04.

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 $5.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 7.7, below the S&P 500 P/E ratio of 17.7. Shares are down 16.8% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Joy Global a buy, no analysts rate it a sell, and 8 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 attractive valuation levels, 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 weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Joy Global 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, Deere ( DE) is up $0.59 (0.69) to $85.59 on average volume Thus far, 1.2 million shares of Deere exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $85.00-$85.90 after having opened the day at $85.24 as compared to the previous trading day's close of $85.00.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $32.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7. Shares are down 1.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Deere a buy, 1 analyst rates it a sell, and 7 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, growth in earnings per share, increase in net income, increase in stock price during the past year 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 Deere 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 4 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.
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