3 Stocks Raising The Industrial Goods Sector 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 61 points (0.4%) at 15,361 as of Friday, Sept. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,640 issues advancing vs. 1,247 declining with 140 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include Boeing ( BA), up 0.7%, Cemex S.A.B. de C.V ( CX), up 0.4% and Nidec Corporation ( NJ), up 0.6%. On the negative front, top decliners within the sector include Embraer S.A ( ERJ), down 3.0%, Lennar Corporation ( LEN), down 3.0%, DR Horton ( DHI), down 2.4%, Chicago Bridge & Iron Company ( CBI), down 1.6% and Toll Brothers ( TOL), down 1.6%.

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

3. CNH Global ( CNH) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, CNH Global is up $0.59 (1.3%) to $46.81 on average volume. Thus far, 146,798 shares of CNH Global exchanged hands as compared to its average daily volume of 284,300 shares. The stock has ranged in price between $46.62-$47.02 after having opened the day at $46.88 as compared to the previous trading day's close of $46.22.

Company is reorganizing into 4 brand segments. The company has two product groupings, which are Agricultural and Commercial Equipment. In the past, the company was focused geographically. This hurt, with limited product differentiation, and a lost focus on customer needs. CNH Global has a market cap of $11.5 billion and is part of the industrial industry. Shares are up 18.0% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates CNH Global a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CNH Global as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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 CNH Global Ratings Report now.

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2. As of noon trading, Raytheon Company ( RTN) is up $0.41 (0.5%) to $77.98 on light volume. Thus far, 670,995 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 $77.38-$78.10 after having opened the day at $77.69 as compared to the previous trading day's close of $77.57.

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 $25.0 billion and is part of the aerospace/defense industry. Shares are up 34.5% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Raytheon Company a buy, no analysts rate it a sell, and 12 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.

1. As of noon trading, Emerson Electric ( EMR) is up $0.58 (0.9%) to $64.19 on average volume. Thus far, 1.3 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $63.57-$64.23 after having opened the day at $63.70 as compared to the previous trading day's close of $63.61.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $45.4 billion and is part of the electronics industry. Shares are up 20.1% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Emerson Electric 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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