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.

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