3 Industrial Goods Stocks On The Rise

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 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged.

The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is down 0.4%. A company within the sector that increased today was AerCap Holdings ( AER), up 4.1%. A company within the sector that fell today was Emerson Electric ( EMR), up 1.1%.

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

3. Tenaris ( TS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Tenaris is up $0.28 (0.6%) to $44.56 on light volume. Thus far, 245,674 shares of Tenaris exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $44.05-$44.58 after having opened the day at $44.25 as compared to the previous trading day's close of $44.28.

Tenaris S.A., through its subsidiaries, is engaged in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.3 billion and is part of the industrial industry. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 1.4% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate Tenaris a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Tenaris 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.

2. As of noon trading, Fluor ( FLR) is up $0.96 (1.3%) to $75.24 on average volume. Thus far, 602,998 shares of Fluor exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $74.19-$75.38 after having opened the day at $74.27 as compared to the previous trading day's close of $74.28.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. Fluor has a market cap of $12.1 billion and is part of the materials & construction industry. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are down 7.5% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who rate Fluor a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Fluor as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Fluor 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, 3D Systems ( DDD) is up $2.19 (4.5%) to $50.28 on light volume. Thus far, 1.9 million shares of 3D Systems exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $47.91-$50.85 after having opened the day at $48.00 as compared to the previous trading day's close of $48.09.

3D Systems Corporation, through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the United States, Germany, the Asia-Pacific, and other European countries. 3D Systems has a market cap of $5.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 110.2, above the S&P 500 P/E ratio of 17.7. Shares are down 48.2% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate 3D Systems a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and weak operating cash flow. Get the full 3D Systems 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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