5 Stocks Driving 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,456 as of Friday, Jan. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,181 declining with 172 unchanged.

The Industrial Goods sector currently sits up 0.4% versus the S&P 500, which is unchanged. Top gainers within the sector include Exelis ( XLS), up 2.7%, Masco Corporation ( MAS), up 2.0%, Precision Castparts ( PCP), up 1.1%, Northrop Grumman ( NOC), up 0.8% and Fluor Corporation ( FLR), up 0.8%.

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

5. Stratasys ( SSYS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Stratasys is up $2.09 (1.6%) to $136.10 on light volume. Thus far, 405,777 shares of Stratasys exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $134.55-$138.10 after having opened the day at $134.55 as compared to the previous trading day's close of $134.01.

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 $6.6 billion and is part of the computer hardware industry. Shares are down 0.5% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Stratasys a buy, 1 analyst rates it a sell, and 2 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.

4. As of noon trading, Lockheed Martin Corporation ( LMT) is up $0.95 (0.7%) to $147.02 on light volume. Thus far, 319,789 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $146.48-$147.33 after having opened the day at $146.50 as compared to the previous trading day's close of $146.07.

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 $47.6 billion and is part of the aerospace/defense industry. Shares are down 1.7% year to date as of the close of trading on Thursday. 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.

3. As of noon trading, United Technologies ( UTX) is up $0.71 (0.6%) to $113.20 on light volume. Thus far, 889,413 shares of United Technologies exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $112.85-$113.51 after having opened the day at $112.91 as compared to the previous trading day's close of $112.49.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $104.4 billion and is part of the industrial industry. Shares are down 1.1% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate United Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates United Technologies 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, revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full United Technologies 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, 3D Systems Corporation ( DDD) is up $0.99 (1.1%) to $95.18 on average volume. Thus far, 2.8 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $94.54-$97.28 after having opened the day at $95.00 as compared to the previous trading day's close of $94.19.

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 $9.6 billion and is part of the computer hardware industry. Shares are up 1.4% year to date as of the close of trading on Thursday. 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.

1. As of noon trading, Boeing ( BA) is up $0.97 (0.7%) to $137.64 on light volume. Thus far, 1.3 million shares of Boeing exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $137.05-$138.50 after having opened the day at $137.06 as compared to the previous trading day's close of $136.67.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $102.6 billion and is part of the aerospace/defense industry. Shares are up 0.1% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate Boeing a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Boeing 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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