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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