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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2. As of noon trading, 3D Systems Corporation ( DDD) is up $1.01 (2.2%) to $47.16 on average volume. Thus far, 1.5 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $46.30-$47.75 after having opened the day at $46.35 as compared to the previous trading day's close of $46.15.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $4.7 billion and is part of the technology sector. Shares are up 29.8% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate 3D Systems Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation 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, increase in net income, expanding profit margins 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 3D Systems 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.

1. As of noon trading, Deere ( DE) is up $0.54 (0.6%) to $84.65 on average volume. Thus far, 1.7 million shares of Deere exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $83.93-$85.07 after having opened the day at $83.95 as compared to the previous trading day's close of $84.11.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $32.7 billion and is part of the industrial goods sector. Shares are down 2.7% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Deere a buy, 5 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Deere 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 industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).
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