3 Stocks Advancing 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 20 points (0.1%) at 14,984 as of Friday, Aug. 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,794 issues advancing vs. 1,149 declining with 104 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include CNH Global ( CNH), up 2.7%, James Hardie Industries ( JHX), up 1.8%, Nidec Corporation ( NJ), up 1.5%, Lockheed Martin Corporation ( LMT), up 1.4% and Waste Management ( WM), up 0.7%. On the negative front, top decliners within the sector include Ryland Group ( RYL), down 5.5%, USG ( USG), down 3.7%, Nordson Corporation ( NDSN), down 2.5%, Vulcan Materials Company ( VMC), down 2.6% and Eagle Materials ( EXP), down 2.4%.

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

3. Darling International ( DAR) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Darling International is up $1.47 (7.6%) to $20.79 on heavy volume. Thus far, 995,275 shares of Darling International exchanged hands as compared to its average daily volume of 658,200 shares. The stock has ranged in price between $20.71-$22.20 after having opened the day at $21.09 as compared to the previous trading day's close of $19.32.

Darling International Inc. provides rendering, used cooking oil, and bakery residual recycling and recovery solutions to the food industry. The company operates in two segments, Rendering and Bakery. Darling International has a market cap of $2.3 billion and is part of the materials & construction industry. Shares are up 20.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Darling International a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Darling International as a buy. Among the primary strengths of the company is its solid stock performance, considering both the consistency and magnitude of the price movement over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Darling International Ratings Report now.

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2. As of noon trading, Ingersoll-Rand ( IR) is up $0.44 (0.7%) to $61.76 on light volume. Thus far, 587,292 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 $61.08-$61.76 after having opened the day at $61.52 as compared to the previous trading day's close of $61.32.

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 $17.5 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 has had sub par growth in net income. Get the full Ingersoll-Rand Ratings Report now.

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1. As of noon trading, Raytheon Company ( RTN) is up $0.81 (1.1%) to $77.46 on average volume. Thus far, 763,020 shares of Raytheon Company exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $76.63-$77.64 after having opened the day at $76.76 as compared to the previous trading day's close of $76.65.

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 $24.5 billion and is part of the aerospace/defense industry. Shares are up 31.8% 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.

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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