4 Industrial Goods Stocks Driving 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 57 points (-0.4%) at 15,601 as of Monday, Aug. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.

The Industrial Goods sector currently sits up 0.4% versus the S&P 500, which is down 0.2%. A company within the sector that increased today was Weyerhaeuser ( WY), up 0.8%. On the negative front, top decliners within the sector include PulteGroup ( PHM), down 2.7%, DR Horton ( DHI), down 2.4%, Fastenal Company ( FAST), down 1.8%, Sherwin-Williams Company ( SHW), down 1.4% and CNH Global ( CNH), down 1.0%.

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

4. Royal Philips ( PHG) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Royal Philips is up $0.15 (0.5%) to $32.32 on light volume. Thus far, 206,364 shares of Royal Philips exchanged hands as compared to its average daily volume of 877,300 shares. The stock has ranged in price between $32.15-$32.38 after having opened the day at $32.26 as compared to the previous trading day's close of $32.17.

Koninklijke Philips N.V. engages in the healthcare, lighting, and consumer lifestyle businesses worldwide. Royal Philips has a market cap of $29.6 billion and is part of the consumer durables industry. Shares are up 22.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Royal Philips a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Philips 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Royal Philips Ratings Report now.

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3. As of noon trading, Raytheon Company ( RTN) is up $0.57 (0.8%) to $76.22 on heavy volume. Thus far, 1.6 million shares of Raytheon Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $75.01-$76.39 after having opened the day at $75.76 as compared to the previous trading day's close of $75.65.

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 $23.8 billion and is part of the aerospace/defense industry. Shares are up 31.4% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 11 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 good cash flow from operations. 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.

2. As of noon trading, Northrop Grumman ( NOC) is up $0.53 (0.6%) to $95.42 on average volume. Thus far, 851,003 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $94.50-$95.62 after having opened the day at $94.90 as compared to the previous trading day's close of $94.89.

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 $21.4 billion and is part of the aerospace/defense industry. Shares are up 40.4% 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.

1. As of noon trading, Precision Castparts ( PCP) is up $1.10 (0.5%) to $225.10 on light volume. Thus far, 154,234 shares of Precision Castparts exchanged hands as compared to its average daily volume of 737,600 shares. The stock has ranged in price between $222.99-$225.67 after having opened the day at $223.84 as compared to the previous trading day's close of $224.00.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $32.8 billion and is part of the industrial industry. Shares are up 18.3% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 4 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, expanding profit margins, impressive record of earnings per share growth, compelling growth 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 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.

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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