3 Industrial Goods Stocks Nudging The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,165 as of Thursday, Dec. 19, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,090 issues advancing vs. 1,843 declining with 148 unchanged.

The Industrial Goods sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the sector include ABB ( ABB), up 1.0%, Tenaris ( TS), up 0.9% and Siemens ( SI), up 0.6%. On the negative front, top decliners within the sector include Mohawk Industries ( MHK), down 2.2%, Nidec Corporation ( NJ), down 2.1%, Danaher Corporation ( DHR), down 0.8% and Boeing ( BA), down 0.5%.

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

3. Worthington Industries ( WOR) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Worthington Industries is up $4.22 (9.9%) to $46.89 on heavy volume. Thus far, 586,997 shares of Worthington Industries exchanged hands as compared to its average daily volume of 353,400 shares. The stock has ranged in price between $43.68-$48.58 after having opened the day at $45.00 as compared to the previous trading day's close of $42.67.

Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Canada, Europe, and internationally. It operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. Worthington Industries has a market cap of $3.0 billion and is part of the industrial industry. The company has a P/E ratio of 19.3, above the S&P 500 P/E ratio of 17.7. Shares are up 64.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Worthington Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Worthington Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Worthington Industries Ratings Report now.

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2. As of noon trading, Cummins ( CMI) is up $1.44 (1.1%) to $137.47 on average volume. Thus far, 978,698 shares of Cummins exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $136.28-$137.90 after having opened the day at $137.31 as compared to the previous trading day's close of $136.03.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $25.0 billion and is part of the industrial industry. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7. Shares are up 25.6% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Cummins a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cummins 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, increase in stock price during the past year, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cummins Ratings Report now.

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1. As of noon trading, 3D Systems Corporation ( DDD) is up $1.87 (2.3%) to $83.86 on average volume. Thus far, 2.2 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $80.60-$83.99 after having opened the day at $81.25 as compared to the previous trading day's close of $81.99.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $8.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 176.9, above the S&P 500 P/E ratio of 17.7. Shares are up 130.5% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate 3D Systems Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation as a buy. 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, growth in earnings per share, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full 3D Systems 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.

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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