5 Industrial Goods Stocks Moving The 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.

The Industrial Goods sector currently sits up 0.5% versus the S&P 500, which is down 0.1%. Top gainers within the sector include PulteGroup ( PHM), up 3.4%, MRC Global ( MRC), up 3.2%, Lennar Corporation ( LEN), up 2.9%, CNH Global ( CNH), up 2.3% and Chicago Bridge & Iron Company ( CBI), up 1.9%. On the negative front, top decliners within the sector include Allegheny Technologies ( ATI), down 1.9%, and Plum Creek Timber ( PCL), down 0.8%.

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

5. Stratasys ( SSYS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Stratasys is up $2.72 (2.8%) to $99.50 on average volume. Thus far, 389,763 shares of Stratasys exchanged hands as compared to its average daily volume of 813,700 shares. The stock has ranged in price between $96.70-$99.98 after having opened the day at $97.60 as compared to the previous trading day's close of $96.78.

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 $3.9 billion and is part of the computer hardware industry. Shares are up 25.2% year to date as of the close of trading on Thursday. Currently there are 6 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 feeble growth in the company's earnings per share. 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.

4. As of noon trading, Ingersoll-Rand ( IR) is up $0.60 (1.0%) to $60.84 on average volume. Thus far, 746,645 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $60.09-$61.34 after having opened the day at $60.09 as compared to the previous trading day's close of $60.24.

Ingersoll-Rand plc engages in the design, manufacture, sale, and service of a diverse portfolio of industrial and commercial products in the United States and internationally. Ingersoll-Rand has a market cap of $18.0 billion and is part of the industrial industry. Shares are up 25.6% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Ingersoll-Rand a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Ingersoll-Rand as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Ingersoll-Rand 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, Raytheon Company ( RTN) is up $0.77 (1.0%) to $76.37 on average volume. Thus far, 1.0 million shares of Raytheon Company exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $75.47-$76.49 after having opened the day at $75.47 as compared to the previous trading day's close of $75.60.

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 $24.6 billion and is part of the aerospace/defense industry. Shares are up 31.3% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Raytheon Company a buy, no analysts rate 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 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 $0.54 (0.6%) to $94.33 on light volume. Thus far, 555,527 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 $93.45-$94.64 after having opened the day at $93.62 as compared to the previous trading day's close of $93.79.

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 $21.8 billion and is part of the aerospace/defense industry. Shares are up 38.8% year to date as of the close of trading on Thursday. 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, Boeing ( BA) is up $0.71 (0.7%) to $103.44 on light volume. Thus far, 1.5 million shares of Boeing exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $102.70-$103.89 after having opened the day at $102.78 as compared to the previous trading day's close of $102.73.

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 $78.6 billion and is part of the aerospace/defense industry. Shares are up 36.3% year to date as of the close of trading on Thursday. 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 revenue growth, good cash flow from operations, 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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