3 Stocks Advancing The Industrial Goods Sector

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Industrial Goods sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include 3D Systems ( DDD), up 7.0%, Curtiss-Wright ( CW), up 6.7%, Stratasys ( SSYS), up 5.2%, DR Horton ( DHI), up 2.7% and Martin Marietta Materials ( MLM), up 2.6%.

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 $1.77 (1.2%) to $152.62 on light volume. Thus far, 536,541 shares of Cummins exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $150.06-$152.76 after having opened the day at $150.46 as compared to the previous trading day's close of $150.85.

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 $27.7 billion and is part of the industrial industry. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 7.0% 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, growth in earnings per share and increase in net income. 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, General Dynamics ( GD) is up $1.04 (0.9%) to $110.49 on light volume. Thus far, 750,106 shares of General Dynamics exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $109.18-$110.79 after having opened the day at $109.51 as compared to the previous trading day's close of $109.45.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $37.1 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 13.3% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts who rate General Dynamics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full General Dynamics Ratings Report now.

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1. As of noon trading, 3M ( MMM) is up $1.89 (1.4%) to $140.98 on average volume. Thus far, 2.1 million shares of 3M exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $139.12-$141.49 after having opened the day at $139.50 as compared to the previous trading day's close of $139.09.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $90.5 billion and is part of the industrial industry. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year-to-date as of the close of trading on Wednesday. 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, solid stock price performance, growth in earnings per share, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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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