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.

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