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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 59 points (-0.4%) at 16,657 as of Wednesday, May 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,380 issues advancing vs. 1,556 declining with 176 unchanged.

The Industrial Goods sector currently sits down 0.9% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Weyerhaeuser ( WY), up 1.3%, and ABB ( ABB), up 0.9%. On the negative front, top decliners within the sector include DR Horton ( DHI), down 3.8%, Lennar ( LEN), down 2.8%, Mohawk Industries ( MHK), down 2.7%, L-3 Communications Holdings ( LLL), down 2.1% and Precision Castparts ( PCP), down 1.2%.

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

3. Spectrum Brands Holdings ( SPB) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Spectrum Brands Holdings is up $2.51 (3.4%) to $75.43 on heavy volume. Thus far, 205,390 shares of Spectrum Brands Holdings exchanged hands as compared to its average daily volume of 203,200 shares. The stock has ranged in price between $73.10-$76.03 after having opened the day at $73.39 as compared to the previous trading day's close of $72.92.

Spectrum Brands Holdings, Inc., together with its subsidiaries, operates as a consumer products company worldwide. The company operates through Global Batteries & Appliances, Global Pet Supplies, Home and Garden Business, and Hardware & Home Improvement segments. Spectrum Brands Holdings has a market cap of $3.9 billion and is part of the industrial industry. Shares are up 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Spectrum Brands Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Spectrum Brands Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Spectrum Brands Holdings Ratings Report now.

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2. As of noon trading, Valmont Industries ( VMI) is up $6.99 (4.7%) to $157.40 on heavy volume. Thus far, 228,991 shares of Valmont Industries exchanged hands as compared to its average daily volume of 260,100 shares. The stock has ranged in price between $153.45-$159.00 after having opened the day at $155.25 as compared to the previous trading day's close of $150.41.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, China, France, and internationally. It operates in four segments: Engineered Infrastructure Products, Utility Support Structures, Coatings, and Irrigation. Valmont Industries has a market cap of $4.1 billion and is part of the industrial industry. Shares are up 0.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Valmont Industries a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Valmont Industries 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 and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Valmont Industries Ratings Report now.

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1. As of noon trading, Stratasys ( SSYS) is up $1.98 (2.2%) to $91.58 on light volume. Thus far, 500,280 shares of Stratasys exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $89.36-$91.60 after having opened the day at $89.60 as compared to the previous trading day's close of $89.60.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $4.4 billion and is part of the computer hardware industry. Shares are down 33.5% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Stratasys a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Stratasys 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 increase in stock price during the past year. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Stratasys 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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