5 Industrial Goods Stocks Driving 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Industrial Goods sector currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the sector include Manitowoc ( MTW), up 5.9%, FLIR Systems ( FLIR), up 5.1%, Owens-Corning ( OC), up 2.4%, Nidec Corporation ( NJ), up 1.2% and Sherwin-Williams Company ( SHW), up 0.7%. A company within the sector that fell today was Weyerhaeuser ( WY), up 1.2%.

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

5. Terex ( TEX) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Terex is up $1.11 (2.8%) to $41.02 on light volume. Thus far, 616,787 shares of Terex exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $40.19-$41.03 after having opened the day at $40.20 as compared to the previous trading day's close of $39.91.

Terex Corporation operates as an equipment manufacturer of specialized machinery products. Terex has a market cap of $4.4 billion and is part of the industrial industry. The company has a P/E ratio of 46.8, above the S&P 500 P/E ratio of 17.7. Shares are down 5.0% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Terex a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Terex as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Terex 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, Masco Corporation ( MAS) is up $0.38 (1.7%) to $23.16 on light volume. Thus far, 1.3 million shares of Masco Corporation exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $22.55-$23.18 after having opened the day at $22.71 as compared to the previous trading day's close of $22.78.

Masco Corporation engages in the manufacture, distribution, and installation of home improvement and building products primarily in North America and Europe. Masco Corporation has a market cap of $8.2 billion and is part of the materials & construction industry. The company has a P/E ratio of 55.7, above the S&P 500 P/E ratio of 17.7. Shares are up 0.3% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Masco Corporation a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Masco Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. 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 Masco 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, Cemex S.A.B. de C.V ( CX) is up $0.19 (1.6%) to $11.85 on average volume. Thus far, 6.4 million shares of Cemex S.A.B. de C.V exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $11.59-$11.90 after having opened the day at $11.63 as compared to the previous trading day's close of $11.66.

CEMEX, S.A.B. de C.V., through its subsidiaries, engages in the production and sale of cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, the Caribbean, and Asia. Cemex S.A.B. de C.V has a market cap of $12.7 billion and is part of the materials & construction industry. Shares are down 1.4% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Cemex S.A.B. de C.V a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cemex S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full Cemex S.A.B. de C.V 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, PulteGroup ( PHM) is up $0.33 (1.7%) to $19.87 on light volume. Thus far, 2.7 million shares of PulteGroup exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $19.36-$19.91 after having opened the day at $19.51 as compared to the previous trading day's close of $19.54.

PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. PulteGroup has a market cap of $7.6 billion and is part of the materials & construction industry. The company has a P/E ratio of 3.1, below the S&P 500 P/E ratio of 17.7. Shares are down 4.1% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate PulteGroup a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates PulteGroup as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full PulteGroup 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, Caterpillar ( CAT) is up $0.59 (0.7%) to $89.52 on average volume. Thus far, 2.0 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 $88.67-$89.54 after having opened the day at $88.78 as compared to the previous trading day's close of $88.93.

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 $56.4 billion and is part of the industrial industry. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Tuesday. 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.

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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