3 Industrial Goods Stocks Driving The 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 72 points (-0.4%) at 16,500 as of Friday, April 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,273 issues advancing vs. 1,704 declining with 143 unchanged.

The Industrial Goods sector currently sits down 1.2% versus the S&P 500, which is down 0.5%. Top gainers within the sector include James Hardie Industries ( JHX), up 1.8%, Mohawk Industries ( MHK), up 1.3%, Tenaris ( TS), up 0.8%, Waste Management ( WM), up 0.7% and Illinois Tool Works ( ITW), up 0.5%. On the negative front, top decliners within the sector include Middleby Corporation ( MIDD), down 2.7%, Nidec Corporation ( NJ), down 2.5%, Ingersoll-Rand ( IR), down 1.5%, Textron ( TXT), down 1.5% and Pentair ( PNR), down 1.4%.

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

3. Martin Marietta Materials ( MLM) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Martin Marietta Materials is up $2.71 (2.2%) to $127.41 on heavy volume. Thus far, 841,224 shares of Martin Marietta Materials exchanged hands as compared to its average daily volume of 755,100 shares. The stock has ranged in price between $124.77-$130.00 after having opened the day at $124.77 as compared to the previous trading day's close of $124.70.

Martin Marietta Materials, Inc., together with its subsidiaries, produces and sells aggregates for the construction industry. The company operates in four segments: Mid-America Group, Southeast Group, West Group, and Specialty Products. Martin Marietta Materials has a market cap of $5.9 billion and is part of the materials & construction industry. Shares are up 24.8% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Martin Marietta Materials a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Martin Marietta Materials 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, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Martin Marietta Materials Ratings Report now.

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2. As of noon trading, Cemex S.A.B. de C.V ( CX) is up $0.64 (5.0%) to $13.57 on heavy volume. Thus far, 29.3 million shares of Cemex S.A.B. de C.V exchanged hands as compared to its average daily volume of 15.7 million shares. The stock has ranged in price between $13.00-$14.36 after having opened the day at $13.04 as compared to the previous trading day's close of $12.93.

CEMEX, S.A.B. de C.V., through its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, Central America, the Caribbean, and Asia. Cemex S.A.B. de C.V has a market cap of $14.3 billion and is part of the materials & construction industry. Shares are up 9.3% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Cemex S.A.B. de C.V a buy, no analysts rate it a sell, and 1 rates 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 growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Cemex S.A.B. de C.V Ratings Report now.

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1. As of noon trading, 3M ( MMM) is up $0.89 (0.7%) to $137.03 on average volume. Thus far, 1.2 million shares of 3M exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $136.40-$137.77 after having opened the day at $136.90 as compared to the previous trading day's close of $136.14.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $89.5 billion and is part of the industrial industry. Shares are down 2.9% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate 3M a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates 3M 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, notable return on equity, expanding profit margins and growth in earnings per share. 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 3M 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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