5 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 down 56 points (-0.3%) at 15,939 as of Wednesday, Feb. 12, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,598 issues advancing vs. 1,323 declining with 154 unchanged.

The Industrial Goods sector currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Caesarstone Sdot-Yam ( CSTE), up 15.8%, Owens-Corning ( OC), up 11.4%, Generac Holdings ( GNRC), up 4.2%, USG ( USG), up 3.3% and Nidec Corporation ( NJ), up 3.4%. A company within the sector that fell today was 3D Systems Corporation ( DDD), up 1.9%.

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

5. Northrop Grumman ( NOC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Northrop Grumman is up $0.96 (0.8%) to $117.86 on light volume. Thus far, 471,052 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $116.82-$117.93 after having opened the day at $117.06 as compared to the previous trading day's close of $116.90.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $24.8 billion and is part of the aerospace/defense industry. Shares are up 2.0% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Northrop Grumman a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Northrop Grumman 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, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Northrop Grumman 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, Raytheon Company ( RTN) is up $1.00 (1.1%) to $95.29 on light volume. Thus far, 677,887 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $94.39-$95.50 after having opened the day at $94.45 as compared to the previous trading day's close of $94.29.

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 $29.8 billion and is part of the aerospace/defense industry. Shares are up 4.0% 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.

3. As of noon trading, Cummins ( CMI) is up $1.75 (1.3%) to $137.27 on average volume. Thus far, 855,862 shares of Cummins exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $135.56-$137.56 after having opened the day at $135.56 as compared to the previous trading day's close of $135.52.

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 $24.9 billion and is part of the industrial industry. Shares are down 3.9% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Cummins a buy, no analysts rate it a sell, and 4 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 net income, good cash flow from operations and increase in stock price during the past year. 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 Cummins 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, Lockheed Martin Corporation ( LMT) is up $1.41 (0.9%) to $158.97 on light volume. Thus far, 685,516 shares of Lockheed Martin Corporation exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $157.97-$159.45 after having opened the day at $158.71 as compared to the previous trading day's close of $157.56.

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 $49.3 billion and is part of the aerospace/defense industry. Shares are up 6.0% 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.

1. As of noon trading, Caterpillar ( CAT) is up $0.87 (0.9%) to $95.83 on average volume. Thus far, 3.1 million shares of Caterpillar exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $95.17-$96.64 after having opened the day at $95.31 as compared to the previous trading day's close of $94.96.

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 $60.1 billion and is part of the industrial industry. Shares are up 4.6% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who 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 increase in net income, reasonable valuation levels, good cash flow from operations, growth in earnings per share 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 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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