3 Stocks Boosting The Industrial Goods 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 84 points (-0.5%) at 15,367 as of Wednesday, Aug. 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,847 declining with 114 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Weyerhaeuser ( WY), up 3.3%, and Cemex S.A.B. de C.V ( CX), up 0.8%. On the negative front, top decliners within the sector include DR Horton ( DHI), down 2.4%, Deere ( DE), down 1.8%, Sherwin-Williams Company ( SHW), down 1.7%, Ametek ( AME), down 1.4% and Boeing ( BA), down 1.3%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Chart Industries ( GTLS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Chart Industries is up $3.60 (3.1%) to $119.32 on heavy volume. Thus far, 457,435 shares of Chart Industries exchanged hands as compared to its average daily volume of 323,700 shares. The stock has ranged in price between $117.18-$124.00 after having opened the day at $117.22 as compared to the previous trading day's close of $115.72.

Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States, the Czech Republic, China, Germany, and internationally. Chart Industries has a market cap of $3.5 billion and is part of the industrial industry. Shares are up 71.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Chart Industries a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Chart Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Chart 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, Chicago Bridge & Iron Company ( CBI) is up $1.17 (2.0%) to $60.54 on average volume. Thus far, 651,302 shares of Chicago Bridge & Iron Company exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $59.62-$60.57 after having opened the day at $59.83 as compared to the previous trading day's close of $59.37.

Chicago Bridge & Iron Company N.V., an energy infrastructure focused company, provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to customers in the energy, petrochemical, and natural resource industries worldwide. Chicago Bridge & Iron Company has a market cap of $6.4 billion and is part of the materials & construction industry. Shares are up 28.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Chicago Bridge & Iron Company a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Chicago Bridge & Iron Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Chicago Bridge & Iron 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, Fluor Corporation ( FLR) is up $0.57 (0.9%) to $66.38 on light volume. Thus far, 465,933 shares of Fluor Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $65.54-$66.63 after having opened the day at $65.92 as compared to the previous trading day's close of $65.81.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. Fluor Corporation has a market cap of $10.7 billion and is part of the materials & construction industry. Shares are up 12.0% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Fluor Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Fluor Corporation 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, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Fluor 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.

If you are interested in one of these 3 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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