5 Stocks Pushing The Industrial Goods Sector Higher

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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.

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