3 Industrial Goods Stocks Pushing Sector Growth

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 16,932 as of Tuesday, June 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,934 issues advancing vs. 1,059 declining with 170 unchanged.

The Industrial Goods sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include USG ( USG), up 3.1%, Toll Brothers ( TOL), up 2.9%, Weyerhaeuser ( WY), up 2.8%, DR Horton ( DHI), up 2.7% and PulteGroup ( PHM), up 1.7%. On the negative front, top decliners within the sector include Eaton ( ETN), down 1.1%, Fluor ( FLR), down 0.7% and Precision Castparts ( PCP), down 0.5%.

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

3. NVR ( NVR) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, NVR is up $18.70 (1.6%) to $1,158.50 on light volume. Thus far, 13,592 shares of NVR exchanged hands as compared to its average daily volume of 43,000 shares. The stock has ranged in price between $1,141.11-$1,163.40 after having opened the day at $1,141.11 as compared to the previous trading day's close of $1,139.80.

NVR, Inc. operates as a homebuilder in the United States. The company operates through Homebuilding and Mortgage Banking segments. NVR has a market cap of $5.0 billion and is part of the materials & construction industry. Shares are up 11.1% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates NVR a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates NVR 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, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full NVR Ratings Report now.

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2. As of noon trading, Mohawk Industries ( MHK) is up $3.47 (2.6%) to $136.97 on average volume. Thus far, 381,132 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 853,600 shares. The stock has ranged in price between $133.12-$136.97 after having opened the day at $133.50 as compared to the previous trading day's close of $133.50.

Mohawk Industries, Inc., together with its subsidiaries, designs, manufactures, sources, distributes, and markets floor covering products for residential and commercial applications in both remodeling and new construction worldwide. Mohawk Industries has a market cap of $9.7 billion and is part of the consumer durables industry. Shares are down 10.3% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Mohawk Industries a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mohawk Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Mohawk Industries Ratings Report now.

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1. As of noon trading, Lennar ( LEN) is up $1.11 (2.7%) to $41.61 on heavy volume. Thus far, 2.8 million shares of Lennar exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $40.46-$41.62 after having opened the day at $40.49 as compared to the previous trading day's close of $40.50.

Lennar Corporation, together with its subsidiaries, is engaged in homebuilding activities in the United States. Lennar has a market cap of $7.0 billion and is part of the materials & construction industry. Shares are up 2.4% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Lennar a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Lennar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, increase in stock price during the past year 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 Lennar 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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