3 Stocks Raising 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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,956 as of Friday, June 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,547 issues advancing vs. 1,406 declining with 177 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the sector include Esterline Technologies ( ESL), up 3.5%, Flowserve ( FLS), up 1.4%, Emerson Electric ( EMR), up 1.2%, Fluor ( FLR), up 1.1% and Rockwell Automation ( ROK), up 1.1%. On the negative front, top decliners within the sector include Alliant Techsystems ( ATK), down 3.4%, Masco ( MAS), down 2.0%, Lennar ( LEN), down 1.4% and ABB ( ABB), down 0.5%.

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 $1.37 (0.9%) to $158.37 on average volume. Thus far, 517,422 shares of Cummins exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $157.03-$158.82 after having opened the day at $157.50 as compared to the previous trading day's close of $157.00.

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 $28.8 billion and is part of the industrial industry. Shares are up 11.4% 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 reasonable valuation levels. 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.

2. As of noon trading, Lockheed Martin ( LMT) is up $1.07 (0.7%) to $165.27 on average volume. Thus far, 839,459 shares of Lockheed Martin exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $163.75-$165.70 after having opened the day at $163.75 as compared to the previous trading day's close of $164.20.

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. Lockheed Martin has a market cap of $52.0 billion and is part of the aerospace/defense industry. Shares are up 10.4% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Lockheed Martin a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Lockheed Martin 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, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Lockheed Martin 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, Caterpillar ( CAT) is up $1.71 (1.6%) to $108.96 on heavy volume. Thus far, 3.6 million shares of Caterpillar exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $107.64-$109.20 after having opened the day at $108.05 as compared to the previous trading day's close of $107.25.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $67.2 billion and is part of the industrial industry. Shares are up 18.1% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Caterpillar a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Caterpillar 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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