3 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,217 as of Wednesday, Feb. 26, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 910 declining with 172 unchanged.

The Industrial Goods sector currently sits up 1.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Middleby Corporation ( MIDD), up 12.9%, Embraer S.A ( ERJ), up 5.4%, Chicago Bridge & Iron Company ( CBI), up 5.1%, Eagle Materials ( EXP), up 3.9% and PulteGroup ( PHM), up 3.4%. A company within the sector that fell today was Tenaris ( TS), up 0.7%.

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

3. Cummins ( CMI) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Cummins is up $1.31 (0.9%) to $146.94 on light volume. Thus far, 541,664 shares of Cummins exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $144.55-$147.05 after having opened the day at $144.82 as compared to the previous trading day's close of $145.63.

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 $27.3 billion and is part of the industrial industry. Shares are up 3.6% year-to-date as of the close of trading on Tuesday. Currently there are 11 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, solid stock price performance, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. 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, United Technologies ( UTX) is up $0.67 (0.6%) to $116.56 on light volume. Thus far, 798,433 shares of United Technologies exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $115.61-$116.79 after having opened the day at $115.89 as compared to the previous trading day's close of $115.89.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $106.6 billion and is part of the industrial industry. Shares are up 2.4% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who 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, impressive record of earnings per share growth, revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

1. As of noon trading, Boeing ( BA) is up $0.72 (0.6%) to $127.50 on light volume. Thus far, 1.8 million shares of Boeing exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $126.36-$127.87 after having opened the day at $127.24 as compared to the previous trading day's close of $126.78.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $96.3 billion and is part of the aerospace/defense industry. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts who rate Boeing a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Boeing 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, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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 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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