3 Stocks Raising 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 30 points (0.2%) at 15,994 as of Thursday, Feb. 13, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,823 issues advancing vs. 1,044 declining with 196 unchanged.

The Industrial Goods sector currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the sector include 3D Systems Corporation ( DDD), up 2.1%, Cummins ( CMI), up 1.3%, Lockheed Martin Corporation ( LMT), up 1.0% and Sherwin-Williams Company ( SHW), up 0.9%. On the negative front, top decliners within the sector include Nidec Corporation ( NJ), down 3.4%, James Hardie Industries ( JHX), down 3.0%, Deere ( DE), down 1.1% and Emerson Electric ( EMR), down 0.8%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Colfax Corporation ( CFX) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Colfax Corporation is up $2.90 (4.5%) to $67.92 on heavy volume. Thus far, 586,291 shares of Colfax Corporation exchanged hands as compared to its average daily volume of 392,200 shares. The stock has ranged in price between $64.39-$67.99 after having opened the day at $64.46 as compared to the previous trading day's close of $65.02.

Colfax Corporation, a diversified industrial manufacturing and engineering company, provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. Colfax Corporation has a market cap of $6.5 billion and is part of the industrial industry. Shares are up 2.1% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Colfax Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.

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

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2. As of noon trading, Generac Holdings ( GNRC) is up $7.24 (14.5%) to $57.13 on heavy volume. Thus far, 2.8 million shares of Generac Holdings exchanged hands as compared to its average daily volume of 785,200 shares. The stock has ranged in price between $53.00-$57.68 after having opened the day at $53.05 as compared to the previous trading day's close of $49.89.

Generac Holdings Inc. designs, manufactures, and markets a range of generators and other engine powered products for the residential, light commercial, industrial, and construction markets in the United States Canada, and Mexico. Generac Holdings has a market cap of $3.3 billion and is part of the industrial industry. Shares are down 11.9% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Generac Holdings a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Generac Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. 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 Generac Holdings 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, Flowserve Corporation ( FLS) is up $0.98 (1.3%) to $76.40 on light volume. Thus far, 414,072 shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $74.56-$76.44 after having opened the day at $74.68 as compared to the previous trading day's close of $75.42.

Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. Flowserve Corporation has a market cap of $10.3 billion and is part of the industrial industry. Shares are down 4.3% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Flowserve Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Flowserve Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income 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 Flowserve 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 3 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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