3 Stocks Boosting 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 38 points (0.2%) at 16,236 as of Thursday, Feb. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,761 issues advancing vs. 1,149 declining with 174 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 GrafTech International ( GTI), up 13.4%, Huntington Ingalls Industries ( HII), up 3.2%, Embraer S.A ( ERJ), up 1.1%, Cemex S.A.B. de C.V ( CX), up 1.3% and Pall Corporation ( PLL), up 0.8%. A company within the sector that fell today was Weyerhaeuser ( WY), up 1.2%.

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

3. Precision Castparts ( PCP) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Precision Castparts is up $1.17 (0.5%) to $254.37 on light volume. Thus far, 144,125 shares of Precision Castparts exchanged hands as compared to its average daily volume of 657,700 shares. The stock has ranged in price between $251.71-$254.44 after having opened the day at $252.16 as compared to the previous trading day's close of $253.20.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $37.0 billion and is part of the industrial industry. Shares are down 6.0% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Precision Castparts as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Precision Castparts Ratings Report now.

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2. As of noon trading, Northrop Grumman ( NOC) is up $0.78 (0.7%) to $118.89 on light volume. Thus far, 348,327 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 $118.10-$119.32 after having opened the day at $118.51 as compared to the previous trading day's close of $118.11.

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 $25.9 billion and is part of the aerospace/defense industry. Shares are up 3.6% year-to-date as of the close of trading on Wednesday. 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.

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1. As of noon trading, Deere ( DE) is up $0.28 (0.3%) to $84.63 on light volume. Thus far, 572,673 shares of Deere exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $84.17-$84.64 after having opened the day at $84.37 as compared to the previous trading day's close of $84.35.

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $31.2 billion and is part of the industrial industry. Shares are down 7.6% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Deere a buy, 7 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, 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 Deere 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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