3 Stocks Driving 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 31 points (0.2%) at 16,439 as of Monday, April 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,695 issues advancing vs. 1,308 declining with 151 unchanged.

The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Nidec Corporation ( NJ), up 1.6%, Cemex S.A.B. de C.V ( CX), up 0.9% and Weyerhaeuser ( WY), up 0.6%. On the negative front, top decliners within the sector include NVR ( NVR), down 5.2%, Masco Corporation ( MAS), down 1.2% and Fluor Corporation ( FLR), down 0.8%.

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

3. Danaher Corporation ( DHR) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Danaher Corporation is up $1.15 (1.6%) to $74.00 on heavy volume. Thus far, 2.9 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $73.11-$74.13 after having opened the day at $73.42 as compared to the previous trading day's close of $72.85.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher Corporation has a market cap of $51.0 billion and is part of the industrial industry. Shares are down 5.6% year-to-date as of the close of trading on Thursday. Currently there are 15 analysts who rate Danaher Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher Corporation 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Danaher Corporation Ratings Report now.

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2. As of noon trading, Raytheon Company ( RTN) is up $1.20 (1.2%) to $101.33 on light volume. Thus far, 759,611 shares of Raytheon Company exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $100.50-$101.50 after having opened the day at $101.50 as compared to the previous trading day's close of $100.13.

Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. Raytheon Company has a market cap of $31.5 billion and is part of the aerospace/defense industry. Shares are up 10.4% year-to-date as of the close of trading on Thursday. Currently there are 7 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, reasonable valuation levels, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. 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.

1. As of noon trading, Lockheed Martin Corporation ( LMT) is up $1.12 (0.7%) to $161.36 on light volume. Thus far, 526,353 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 $160.36-$163.24 after having opened the day at $160.57 as compared to the previous trading day's close of $160.25.

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. Lockheed Martin Corporation has a market cap of $51.2 billion and is part of the aerospace/defense industry. Shares are up 7.8% year-to-date as of the close of trading on Thursday. Currently there are 4 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.

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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