Industrial Goods Stocks On The Rise With Help From 5 Stocks

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 16,344 as of Tuesday, Dec. 24, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,931 issues advancing vs. 985 declining with 162 unchanged.

The Industrial Goods sector currently sits up 0.7% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Northrop Grumman ( NOC), up 1.3%, Tenaris ( TS), up 1.3%, Illinois Tool Works ( ITW), up 1.0%, Parker Hannifin Corporation ( PH), up 0.8% and Eaton Corporation ( ETN), up 0.8%. A company within the sector that fell today was Nidec Corporation ( NJ), up 1.5%.

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

5. Cummins ( CMI) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Cummins is up $0.90 (0.7%) to $139.56 on light volume. Thus far, 212,450 shares of Cummins exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $138.13-$139.73 after having opened the day at $138.55 as compared to the previous trading day's close of $138.66.

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 $25.8 billion and is part of the industrial industry. Shares are up 28.0% year to date as of the close of trading on Monday. 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.

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, Honeywell International ( HON) is up $0.59 (0.7%) to $90.31 on light volume. Thus far, 508,516 shares of Honeywell International exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $89.71-$90.61 after having opened the day at $89.96 as compared to the previous trading day's close of $89.72.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $70.3 billion and is part of the industrial industry. Shares are up 41.4% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate Honeywell International a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Honeywell International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Honeywell International 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, Lockheed Martin Corporation ( LMT) is up $0.93 (0.6%) to $145.99 on light volume. Thus far, 456,447 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $145.00-$146.00 after having opened the day at $145.17 as compared to the previous trading day's close of $145.06.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. Lockheed Martin Corporation has a market cap of $46.2 billion and is part of the aerospace/defense industry. Shares are up 57.2% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Lockheed Martin Corporation a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Lockheed Martin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income 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 Lockheed Martin 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.

2. As of noon trading, Caterpillar ( CAT) is up $0.83 (0.9%) to $90.79 on light volume. Thus far, 1.5 million shares of Caterpillar exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $89.99-$90.88 after having opened the day at $90.00 as compared to the previous trading day's close of $89.96.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $56.6 billion and is part of the industrial industry. Shares are up 0.4% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Caterpillar 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, General Electric ( GE) is up $0.15 (0.6%) to $27.55 on light volume. Thus far, 9.9 million shares of General Electric exchanged hands as compared to its average daily volume of 37.7 million shares. The stock has ranged in price between $27.36-$27.64 after having opened the day at $27.38 as compared to the previous trading day's close of $27.40.

General Electric Company operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $276.8 billion and is part of the industrial industry. Shares are up 30.4% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate General Electric a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, increase in stock price during the past year 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 General 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 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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