5 Industrial Goods Stocks Moving The Sector Upward

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 5 points (0.0%) at 16,485 as of Friday, Dec. 27, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,370 issues advancing vs. 1,569 declining with 149 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Nidec Corporation ( NJ), up 2.6%, Textron ( TXT), up 1.6%, ABB ( ABB), up 0.8% and Royal Philips ( PHG), up 0.8%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 1.3%, and Lockheed Martin Corporation ( LMT), down 0.5%.

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 $0.25 (0.6%) to $43.53 on light volume. Thus far, 200,039 shares of Tenaris exchanged hands as compared to its average daily volume of 887,700 shares. The stock has ranged in price between $43.53-$43.81 after having opened the day at $43.79 as compared to the previous trading day's close of $43.28.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.5 billion and is part of the industrial industry. Shares are up 3.2% year to date as of the close of trading on Thursday. 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.

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, Siemens ( SI) is up $1.12 (0.8%) to $137.97 on heavy volume. Thus far, 323,570 shares of Siemens exchanged hands as compared to its average daily volume of 350,900 shares. The stock has ranged in price between $137.49-$138.16 after having opened the day at $137.70 as compared to the previous trading day's close of $136.85.

Siemens Aktiengesellschaft operates as an electronics and electrical engineering company worldwide. The company operates in six segments: Energy, Healthcare, Industry, Infrastructure & Cities, Equity Investments, and Financial Services. Siemens has a market cap of $114.6 billion and is part of the utilities industry. Shares are up 25.0% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Siemens a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Siemens as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Siemens 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, Joy Global ( JOY) is up $0.96 (1.7%) to $57.70 on light volume. Thus far, 490,736 shares of Joy Global exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $56.69-$57.80 after having opened the day at $56.99 as compared to the previous trading day's close of $56.74.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $5.8 billion and is part of the industrial industry. Shares are down 11.0% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Joy Global a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins. Get the full Joy Global 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, Illinois Tool Works ( ITW) is up $0.53 (0.6%) to $83.82 on light volume. Thus far, 383,026 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $83.50-$83.95 after having opened the day at $87.33 as compared to the previous trading day's close of $83.29.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. Illinois Tool Works has a market cap of $37.0 billion and is part of the industrial industry. Shares are up 37.7% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Illinois Tool Works a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Illinois Tool Works 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, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Illinois Tool Works 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, Deere ( DE) is up $0.94 (1.0%) to $91.04 on light volume. Thus far, 841,828 shares of Deere exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $90.36-$91.10 after having opened the day at $90.91 as compared to the previous trading day's close of $90.10.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $33.8 billion and is part of the industrial industry. Shares are up 5.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Deere a buy, 7 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth, increase in stock price during the past year 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 Deere 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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