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 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.3%. Top gainers within the sector include DR Horton ( DHI), up 7.6%, Stanley Black & Decker ( SWK), up 3.3%, Lennar ( LEN), up 2.8%, Caterpillar ( CAT), up 1.9% and Nidec ( NJ), up 1.2%. On the negative front, top decliners within the sector include USG ( USG), down 5.3%, Raytheon ( RTN), down 4.5%, 3M ( MMM), down 1.2%, Lockheed Martin ( LMT), down 0.9% and Precision Castparts ( PCP), down 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 $1.73 (1.2%) to $149.08 on average volume. Thus far, 1.1 million shares of Cummins exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $147.38-$149.70 after having opened the day at $148.39 as compared to the previous trading day's close of $147.35.

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 $27.0 billion and is part of the industrial industry. Shares are up 4.5% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Cummins a buy, no analysts rate it a sell, and 5 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.

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2. As of noon trading, Eaton ( ETN) is up $0.52 (0.7%) to $74.90 on light volume. Thus far, 937,852 shares of Eaton exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $74.06-$75.32 after having opened the day at $74.71 as compared to the previous trading day's close of $74.38.

Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $35.4 billion and is part of the industrial industry. Shares are down 2.3% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate Eaton a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eaton 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, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Eaton 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, General Electric ( GE) is up $0.14 (0.5%) to $26.56 on average volume. Thus far, 14.1 million shares of General Electric exchanged hands as compared to its average daily volume of 34.3 million shares. The stock has ranged in price between $26.23-$26.64 after having opened the day at $26.44 as compared to the previous trading day's close of $26.42.

General Electric Company operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $266.5 billion and is part of the industrial industry. Shares are down 5.7% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate General Electric a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in stock price during the past year, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full General Electric 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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