4 Industrial Goods Stocks Pushing The Sector Higher

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,515 as of Monday, July 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 829 issues advancing vs. 2,095 declining with 99 unchanged.

The Industrial Goods sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. Top gainers within the sector include 3D Systems Corporation ( DDD), up 5.5%, DR Horton ( DHI), up 2.0%, Caterpillar ( CAT), up 1.3% and Dover Corporation ( DOV), up 0.9%. On the negative front, top decliners within the sector include Lincoln Electric Holdings ( LECO), down 3.9%, Roper Industries ( ROP), down 2.7%, Vulcan Materials Company ( VMC), down 2.6%, Fluor Corporation ( FLR), down 2.0% and Nidec Corporation ( NJ), down 1.4%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Stratasys ( SSYS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Stratasys is up $2.68 (3.0%) to $90.83 on average volume. Thus far, 490,070 shares of Stratasys exchanged hands as compared to its average daily volume of 787,900 shares. The stock has ranged in price between $88.40-$91.68 after having opened the day at $89.49 as compared to the previous trading day's close of $88.15.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $3.5 billion and is part of the computer hardware industry. Shares are up 10.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Stratasys a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Stratasys as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Stratasys 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, Fastenal Company ( FAST) is up $0.43 (0.9%) to $47.11 on average volume. Thus far, 725,513 shares of Fastenal Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $46.45-$47.43 after having opened the day at $46.45 as compared to the previous trading day's close of $46.68.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Fastenal Company has a market cap of $13.7 billion and is part of the materials & construction industry. Shares are down 0.9% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Fastenal Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Fastenal Company 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, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Fastenal Company 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, Raytheon Company ( RTN) is up $0.77 (1.1%) to $70.78 on average volume. Thus far, 1.1 million shares of Raytheon Company exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $69.86-$70.93 after having opened the day at $70.00 as compared to the previous trading day's close of $70.01.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $22.6 billion and is part of the aerospace/defense industry. Shares are up 21.6% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Raytheon Company a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Raytheon Company 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, Northrop Grumman ( NOC) is up $0.72 (0.8%) to $91.28 on average volume. Thus far, 689,256 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $90.21-$91.39 after having opened the day at $90.22 as compared to the previous trading day's close of $90.56.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $20.8 billion and is part of the aerospace/defense industry. Shares are up 33.8% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Northrop Grumman a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Northrop Grumman 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 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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