Today's Stocks Driving Success For The Industrial Industry

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 22 points (0.1%) at 16,756 as of Friday, June 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,558 issues advancing vs. 1,369 declining with 183 unchanged.

The Industrial industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Proto Labs ( PRLB), up 3.3%, Allegheny Technologies ( ATI), up 2.6%, Lincoln Electric Holdings ( LECO), up 1.3% and Xylem ( XYL), up 1.2%.

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

3. Illinois Tool Works ( ITW) is one of the companies pushing the Industrial industry higher today. As of noon trading, Illinois Tool Works is up $0.66 (0.8%) to $88.47 on light volume. Thus far, 386,501 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $87.69-$88.63 after having opened the day at $87.85 as compared to the previous trading day's close of $87.81.

Illinois Tool Works Inc. produces and sells engineered fasteners and components, equipment and consumable systems, and specialty products. Illinois Tool Works has a market cap of $36.6 billion and is part of the industrial goods sector. Shares are up 4.4% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate Illinois Tool Works a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Illinois Tool Works 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, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Illinois Tool Works 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, Cummins ( CMI) is up $1.44 (0.9%) to $156.21 on average volume. Thus far, 681,068 shares of Cummins exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $154.74-$156.85 after having opened the day at $155.03 as compared to the previous trading day's close of $154.77.

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 $29.1 billion and is part of the industrial goods sector. Shares are up 9.8% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Cummins a buy, no analysts rate it a sell, and 4 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 growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cummins 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, Precision Castparts ( PCP) is up $1.78 (0.7%) to $266.91 on light volume. Thus far, 176,007 shares of Precision Castparts exchanged hands as compared to its average daily volume of 739,300 shares. The stock has ranged in price between $265.01-$267.36 after having opened the day at $265.78 as compared to the previous trading day's close of $265.13.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. It operates in three segments: Investment Cast Products, Forged Products, and Airframe Products. Precision Castparts has a market cap of $38.9 billion and is part of the industrial goods sector. Shares are down 1.6% year-to-date as of the close of trading on Thursday. Currently there are 12 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Precision Castparts 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, impressive record of earnings per share growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Precision Castparts 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 industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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