Today's Stocks Driving Success For The Industrial Goods Sector

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 55 points (-0.4%) at 14,948 as of Wednesday, Aug. 21, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 846 issues advancing vs. 2,101 declining with 78 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. A company within the sector that increased today was 3D Systems Corporation ( DDD), up 1.9%. On the negative front, top decliners within the sector include Nidec Corporation ( NJ), down 3.1%, Vulcan Materials Company ( VMC), down 2.5%, Tenaris ( TS), down 1.1%, CNH Global ( CNH), down 0.9% and Royal Philips ( PHG), down 0.9%.

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

3. Northrop Grumman ( NOC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Northrop Grumman is up $0.44 (0.5%) to $94.18 on light volume. Thus far, 452,339 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $93.52-$94.43 after having opened the day at $93.55 as compared to the previous trading day's close of $93.74.

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 $21.6 billion and is part of the aerospace/defense industry. Shares are up 38.7% year to date as of the close of trading on Tuesday. 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.

2. As of noon trading, Eaton Corporation ( ETN) is up $0.37 (0.6%) to $65.49 on light volume. Thus far, 904,906 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $64.64-$65.69 after having opened the day at $64.92 as compared to the previous trading day's close of $65.12.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $30.7 billion and is part of the electronics industry. Shares are up 20.2% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Eaton Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Eaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Eaton 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, Lockheed Martin Corporation ( LMT) is up $1.05 (0.9%) to $123.46 on average volume. Thus far, 652,533 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $121.87-$123.48 after having opened the day at $122.37 as compared to the previous trading day's close of $122.41.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. Lockheed Martin Corporation has a market cap of $39.1 billion and is part of the aerospace/defense industry. Shares are up 32.6% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Lockheed Martin Corporation a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, notable return on equity and increase in net income. 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 Lockheed Martin 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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