5 Stocks Pushing 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 49 points (0.3%) at 16,147 as of Friday, Nov. 29, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,869 issues advancing vs. 987 declining with 109 unchanged.

The Industrial Goods sector currently sits up 0.5% versus the S&P 500, which is up 0.3%. A company within the sector that increased today was Nidec Corporation ( NJ), up 1.7%. A company within the sector that fell today was Hillenbrand ( HI), up 4.6%.

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. Tenaris ( TS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Tenaris is up $0.72 (1.6%) to $44.96 on average volume. Thus far, 358,199 shares of Tenaris exchanged hands as compared to its average daily volume of 938,900 shares. The stock has ranged in price between $44.85-$45.44 after having opened the day at $45.34 as compared to the previous trading day's close of $44.24.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.1 billion and is part of the industrial industry. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 7 rate it a hold.

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

4. As of noon trading, Dover Corporation ( DOV) is up $0.50 (0.6%) to $91.13 on light volume. Thus far, 193,538 shares of Dover Corporation exchanged hands as compared to its average daily volume of 828,700 shares. The stock has ranged in price between $90.45-$91.18 after having opened the day at $90.71 as compared to the previous trading day's close of $90.63.

Dover Corporation manufactures and sells a range of specialized products and components, and provides related consumables and services. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing and Identification. Dover Corporation has a market cap of $15.4 billion and is part of the industrial industry. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 37.9% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Dover Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Dover 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.

3. As of noon trading, Joy Global ( JOY) is up $0.95 (1.7%) to $56.66 on light volume. Thus far, 451,461 shares of Joy Global exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $55.72-$56.73 after having opened the day at $55.90 as compared to the previous trading day's close of $55.71.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $5.9 billion and is part of the industrial industry. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7. Shares are down 12.7% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Joy Global a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Joy Global 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, Cemex S.A.B. de C.V ( CX) is up $0.12 (1.1%) to $10.99 on light volume. Thus far, 2.3 million shares of Cemex S.A.B. de C.V exchanged hands as compared to its average daily volume of 13.3 million shares. The stock has ranged in price between $10.87-$11.06 after having opened the day at $10.89 as compared to the previous trading day's close of $10.87.

CEMEX, S.A.B. de C.V., through its subsidiaries, engages in the production and sale of cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, the Caribbean, and Asia. Cemex S.A.B. de C.V has a market cap of $11.9 billion and is part of the materials & construction industry. Shares are up 10.1% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Cemex S.A.B. de C.V a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cemex S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full Cemex S.A.B. de C.V 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 $0.52 (0.6%) to $84.32 on light volume. Thus far, 562,352 shares of Deere exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $83.92-$84.47 after having opened the day at $84.00 as compared to the previous trading day's close of $83.80.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $32.1 billion and is part of the industrial industry. The company has a P/E ratio of 9.2, below the S&P 500 P/E ratio of 17.7. Shares are down 3.0% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Deere a buy, 7 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth and notable return on equity. 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 5 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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