5 Stocks Moving The Industrial Goods Sector Upward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,467 as of Wednesday, July 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,986 issues advancing vs. 913 declining with 127 unchanged.

The Industrial Goods sector currently sits up 0.3% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Toll Brothers ( TOL), up 2.1%, Vulcan Materials Company ( VMC), up 1.8%, DR Horton ( DHI), up 1.8%, PulteGroup ( PHM), up 1.7% and Cemex S.A.B. de C.V ( CX), up 1.4%. A company within the sector that fell today was ABB ( ABB), up 0.5%.

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

5. Precision Castparts ( PCP) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Precision Castparts is up $1.36 (0.6%) to $233.03 on average volume. Thus far, 296,415 shares of Precision Castparts exchanged hands as compared to its average daily volume of 704,600 shares. The stock has ranged in price between $231.25-$233.53 after having opened the day at $232.05 as compared to the previous trading day's close of $231.67.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $34.2 billion and is part of the industrial industry. Shares are up 22.3% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Precision Castparts 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, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Precision Castparts 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 $0.46 (0.7%) to $68.53 on average volume. Thus far, 1.3 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $68.14-$68.63 after having opened the day at $68.28 as compared to the previous trading day's close of $68.07.

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 $47.4 billion and is part of the industrial industry. Shares are up 21.8% year to date as of the close of trading on Tuesday. Currently there are 14 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, solid stock price performance, 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.

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, Lockheed Martin Corporation ( LMT) is up $0.58 (0.5%) to $113.18 on light volume. Thus far, 420,438 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $112.90-$113.78 after having opened the day at $112.90 as compared to the previous trading day's close of $112.60.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. Lockheed Martin Corporation has a market cap of $36.6 billion and is part of the aerospace/defense industry. Shares are up 23.9% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Lockheed Martin Corporation a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation 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, notable return on equity, good cash flow from operations and increase in net income. 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 Lockheed Martin 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, United Technologies ( UTX) is up $0.73 (0.7%) to $100.72 on light volume. Thus far, 1.1 million shares of United Technologies exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $100.41-$101.00 after having opened the day at $100.82 as compared to the previous trading day's close of $99.99.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $92.2 billion and is part of the industrial industry. Shares are up 21.9% year to date as of the close of trading on Tuesday. Currently there are 15 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.

1. As of noon trading, Boeing ( BA) is up $0.62 (0.6%) to $104.85 on light volume. Thus far, 2.1 million shares of Boeing exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $104.43-$105.43 after having opened the day at $104.45 as compared to the previous trading day's close of $104.23.

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 $80.2 billion and is part of the aerospace/defense industry. Shares are up 38.3% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Boeing a buy, no analysts rate it a sell, and 4 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.

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).
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