3 Industrial Stocks Driving The Industry 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 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Industrial industry currently sits down 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Royal Philips ( PHG), down 0.9%, Caterpillar ( CAT), down 0.9% and ABB ( ABB), down 0.7%.

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

3. Stratasys ( SSYS) is one of the companies pushing the Industrial industry higher today. As of noon trading, Stratasys is up $4.68 (4.6%) to $106.80 on average volume. Thus far, 737,280 shares of Stratasys exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $102.15-$106.87 after having opened the day at $102.28 as compared to the previous trading day's close of $102.12.

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 $5.0 billion and is part of the technology sector. Shares are down 24.2% year-to-date as of the close of trading on Friday. 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.

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2. As of noon trading, Eaton ( ETN) is up $1.89 (2.4%) to $79.45 on heavy volume. Thus far, 2.4 million shares of Eaton exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $78.56-$79.65 after having opened the day at $79.21 as compared to the previous trading day's close of $77.56.

Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $36.6 billion and is part of the industrial goods sector. Shares are up 1.9% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Eaton a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eaton as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth 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 Eaton Ratings Report now.

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1. As of noon trading, 3D Systems ( DDD) is up $2.99 (5.6%) to $56.33 on heavy volume. Thus far, 3.8 million shares of 3D Systems exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $53.55-$56.35 after having opened the day at $53.85 as compared to the previous trading day's close of $53.34.

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 $5.5 billion and is part of the technology sector. Shares are down 42.6% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate 3D Systems a buy, 2 analysts rate it a sell, and 3 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 unimpressive growth in net income, disappointing return on equity and premium valuation. 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 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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