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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 81 points (-0.5%) at 15,762 as of Thursday, Dec. 12, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,157 issues advancing vs. 1,771 declining with 147 unchanged.

The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Exelis ( XLS), up 7.3%, 3D Systems Corporation ( DDD), up 3.8%, Weyerhaeuser ( WY), up 1.8%, Embraer S.A ( ERJ), up 1.6% and Xylem ( XYL), up 1.4%. On the negative front, top decliners within the sector include Royal Philips ( PHG), down 1.9%, ABB ( ABB), down 1.3% and Sherwin-Williams Company ( SHW), down 1.1%.

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

5. Waste Management ( WM) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Waste Management is up $0.26 (0.6%) to $44.02 on light volume. Thus far, 519,694 shares of Waste Management exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $43.55-$44.10 after having opened the day at $43.70 as compared to the previous trading day's close of $43.76.

Waste Management, Inc. provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. Waste Management has a market cap of $20.9 billion and is part of the materials & construction industry. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7. Shares are up 32.0% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Waste Management a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Waste Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. 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 Waste Management 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, Mohawk Industries ( MHK) is up $1.64 (1.2%) to $141.16 on average volume. Thus far, 509,542 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 820,800 shares. The stock has ranged in price between $139.93-$141.64 after having opened the day at $141.43 as compared to the previous trading day's close of $139.52.

Mohawk Industries, Inc., together with its subsidiaries, produces floor covering products for residential and commercial applications in the United States and for residential applications in Europe. The company operates through three segments: Mohawk, Dal-Tile, and Unilin. Mohawk Industries has a market cap of $10.2 billion and is part of the industrial industry. The company has a P/E ratio of 31.3, above the S&P 500 P/E ratio of 17.7. Shares are up 55.9% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mohawk Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Mohawk Industries 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, Stanley Black & Decker ( SWK) is up $0.65 (0.8%) to $80.00 on average volume. Thus far, 1.0 million shares of Stanley Black & Decker exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $79.36-$80.89 after having opened the day at $79.77 as compared to the previous trading day's close of $79.35.

Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications primarily in the United States, Canada, Europe, and Asia. Stanley Black & Decker has a market cap of $12.5 billion and is part of the industrial industry. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Stanley Black & Decker a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Stanley Black & Decker as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Stanley Black & Decker 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, Stratasys ( SSYS) is up $2.03 (1.7%) to $120.79 on light volume. Thus far, 290,872 shares of Stratasys exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $118.19-$121.48 after having opened the day at $119.12 as compared to the previous trading day's close of $118.76.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $5.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 209.1, above the S&P 500 P/E ratio of 17.7. Shares are up 51.3% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Stratasys a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Stratasys as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Stratasys 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, Ingersoll-Rand ( IR) is up $0.71 (1.3%) to $56.72 on light volume. Thus far, 874,305 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $56.14-$56.91 after having opened the day at $56.16 as compared to the previous trading day's close of $56.01.

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 $16.3 billion and is part of the industrial industry. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are up 48.7% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Ingersoll-Rand a buy, no analysts rate it a sell, and 9 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, reasonable valuation levels, expanding profit margins, 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.

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).

null

More from Markets

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices