3 Stocks Pushing 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 37 points (-0.2%) at 16,662 as of Friday, May 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,201 issues advancing vs. 1,742 declining with 169 unchanged.

The Industrial Goods sector currently sits down 0.5% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Chart Industries ( GTLS), down 6.2%, MasTec ( MTZ), down 6.1%, 3D Systems ( DDD), down 2.5%, Nidec ( NJ), down 2.4% and Chicago Bridge & Iron Company ( CBI), down 1.6%.

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

3. B/E Aerospace ( BEAV) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, B/E Aerospace is up $1.51 (1.6%) to $96.02 on heavy volume. Thus far, 1.1 million shares of B/E Aerospace exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $93.73-$96.44 after having opened the day at $94.29 as compared to the previous trading day's close of $94.51.

B/E Aerospace, Inc. designs, manufactures, sells, and services cabin interior products for commercial aircraft and business jets in the United States and internationally. B/E Aerospace has a market cap of $9.9 billion and is part of the aerospace/defense industry. Shares are up 8.6% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate B/E Aerospace a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates B/E Aerospace as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full B/E Aerospace Ratings Report now.

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2. As of noon trading, Northrop Grumman ( NOC) is up $0.80 (0.7%) to $121.00 on light volume. Thus far, 426,311 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $119.69-$121.53 after having opened the day at $119.71 as compared to the previous trading day's close of $120.20.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $25.8 billion and is part of the aerospace/defense industry. Shares are up 4.9% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Northrop Grumman a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Northrop Grumman 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, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Northrop Grumman Ratings Report now.

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1. As of noon trading, Raytheon ( RTN) is up $0.48 (0.5%) to $97.45 on light volume. Thus far, 481,407 shares of Raytheon exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $96.68-$97.73 after having opened the day at $96.68 as compared to the previous trading day's close of $96.97.

Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. Raytheon has a market cap of $30.2 billion and is part of the aerospace/defense industry. Shares are up 6.9% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Raytheon a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Raytheon 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, increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Raytheon Ratings Report now.

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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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