4 Stocks Improving Performance Of The Industrial Goods Sector

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 15,449 as of Wednesday, Feb. 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 771 issues advancing vs. 2,156 declining with 142 unchanged.

The Industrial Goods sector currently sits down 1.1% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Nidec Corporation ( NJ), up 2.6%, and ABB ( ABB), up 1.1%. On the negative front, top decliners within the sector include 3D Systems Corporation ( DDD), down 18.2%, Stratasys ( SSYS), down 5.4%, Royal Philips ( PHG), down 1.9%, Tenaris ( TS), down 0.8% and Sherwin-Williams Company ( SHW), down 1.5%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Fastenal Company ( FAST) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Fastenal Company is up $0.61 (1.4%) to $44.52 on heavy volume. Thus far, 2.6 million shares of Fastenal Company exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $44.20-$45.46 after having opened the day at $44.40 as compared to the previous trading day's close of $43.91.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Fastenal Company has a market cap of $12.7 billion and is part of the materials & construction industry. Shares are down 7.6% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Fastenal Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Fastenal Company 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, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Fastenal Company Ratings Report now.

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3. As of noon trading, Raytheon Company ( RTN) is up $0.52 (0.6%) to $91.50 on average volume. Thus far, 828,536 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $90.49-$91.99 after having opened the day at $90.90 as compared to the previous trading day's close of $90.98.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $29.5 billion and is part of the aerospace/defense industry. Shares are up 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Raytheon Company a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Raytheon Company 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, Cemex S.A.B. de C.V ( CX) is up $0.17 (1.4%) to $12.47 on light volume. Thus far, 5.1 million shares of Cemex S.A.B. de C.V exchanged hands as compared to its average daily volume of 14.8 million shares. The stock has ranged in price between $12.20-$12.48 after having opened the day at $12.29 as compared to the previous trading day's close of $12.30.

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 $13.1 billion and is part of the materials & construction industry. Shares are up 4.0% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who 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 increase in stock price during the past year, growth in earnings per share and increase in net income. 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.

1. As of noon trading, Lockheed Martin Corporation ( LMT) is up $1.12 (0.8%) to $149.30 on average volume. Thus far, 950,444 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $147.43-$149.58 after having opened the day at $147.74 as compared to the previous trading day's close of $148.18.

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 $47.3 billion and is part of the aerospace/defense industry. Shares are down 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Lockheed Martin Corporation a buy, 1 analyst rates it a sell, and 11 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, 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 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.

If you are interested in one of these 4 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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