3 Stocks Driving The Industrial Industry 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 15,077 as of Monday, Aug. 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 933 issues advancing vs. 2,036 declining with 90 unchanged.

The Industrial industry currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the industry include Edwards Group ( EVAC), up 18.3%, Stratasys ( SSYS), up 5.8% and Nidec Corporation ( NJ), up 1.7%. A company within the industry that fell today was Tenaris ( TS), up 0.7%.

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

3. Precision Castparts ( PCP) is one of the companies pushing the Industrial industry higher today. As of noon trading, Precision Castparts is up $1.33 (0.6%) to $218.27 on light volume. Thus far, 238,279 shares of Precision Castparts exchanged hands as compared to its average daily volume of 708,200 shares. The stock has ranged in price between $215.51-$219.38 after having opened the day at $216.35 as compared to the previous trading day's close of $216.94.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $31.7 billion and is part of the industrial goods sector. Shares are up 14.5% 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, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. 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.

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